The Japanese container shipping company, headquartered in Tokyo and Singapore and famous for their colorful magenta livery, Ocean Network Express (ONE), recently held an inauguration ceremony with PSA Singapore (PSA) for the Magenta Singapore Terminal. The joint venture between ONE and PSA will operate four mega container berths at Pasir Panjang Terminal with a combined annual handling capacity of 4 million TEUs.
ONE and PSA announced this long term strategic partnership in December 2018 to provide the capacity and scale of operations to meet the container shipping company’s needs of establishing Singapore as their transshipment hub in Southeast Asia. The new partnership will allow ONE to offer high-quality services and enhanced productivity through the industry-leading port infrastructure and cutting-edge technologies.
The new terminal is named after ONE’s distinctive brand color Magenta; The inauguration ceremony also saw ONE’S 14,000 TEU-class magenta container ship, ONE STORK, berthed at the new joint venture terminal.