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PSA to jointly build, run Jakarta terminal

SingaporePSA International has partnered three other corporates to construct and operate a new container terminal at the Tanjung Priok Port in Jakarta, marking its first project in Indonesia.In a joint release on Friday, the partners - PSA, PT Pelabuhan Indonesia II (Persero) (IPC), Mitsui & Co, and Nippon Yusen Kabushiki Kaisha (NYK Line) - said that the new terminal would be developed and...


World's biggest container ship calls at Singapore

THE world's newly crowned largest ship by container volume made her imposing maiden call on Singapore yesterday - dwarfing nearby vessels. The colossal CSCL Globe, which steamed into a new berth at Pasir Panjang port, is 400m long, almost 60m wide, and weighs in at more than 56,000 tonnes without cargo. The surface area of the more than US$150 million (S$196 million) titan is so vast it could fit...


Cheaper oil could continue into 2015, to global benefit

IN the past two weeks, the oil price plunge has accelerated, capping a year in which oil has lost more than one-third of its market value. Crude oil, for instance, has fallen 36 per cent this year alone as it dipped to below US$70 a barrel.The impact of the oil price decline has generated divided opinion. On the one hand, policymakers are betting on this development to spur economic growth: lower...


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