On April 13, SIPG Chairman Chen Xuyuan and PSA CEO Tan Chong Meng signed MOU for deeper exchange and cooperation between two organizations. Being two of world's biggest seaports, both are aware of the importance of communication of expertise, experience and best practice to learn from each other and improve capability to tackle the challenges brought by the changes of the shipping and port industry. The cooperation includes exchange between both high level and working level, and open discussion on industry hotspot.

MOU stressed that, both parties, with the aim of establishing a deepening relationship as strategic partners, shall fully leverage on their respective expertise, technologies, resources and geography and such other advantages and uniqueness to strengthen communication and information exchange.

In 2011, SIPG and PSA registered a total throughput of more than 90 million TEUs globally.


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