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ONE Inaugurates Joint Venture Magenta Singapore Terminal with PSA Singapore

An inauguration was held on May 13, 2019 for the Magenta Singapore Terminal, a joint venture terminal between Ocean Network Express (ONE) and PSA Singapore (PSA), to operate four mega container berths at Pasir Panjang Terminal with a combined annual handling capacity of 4 million TEUs. This strategic long-term partnership was announced in December 2018, to provide capacity and scale of operations in meeting ONE’s needs of establishing Singapore as its ... [+]