LISBON: Singapore Port Authority international invest an amount of €40 million to increase the annual capacity of Sines Container Terminal to 2.5 TEUs.
The Singapore-based company said the extra 800,000 TEUs of capacity is needed to cope with the “robust” growth in traffic and to cater to the increasing operational demands of its customers.
David Yang, CEO of PSA Euro-Med and the Americas satated that “PSA has always believed that Sines, with a deep-water port strategically located at the cross roads of the north-south and east-west shipping lanes, offers a unique opportunity for the successful development of a best-in-class container terminal and a regional hub.
