COSCO-PSA Terminal (CPT)
Cosco Pacific and PSA, the ports and terminals arm of China Ocean Shipping Company (Cosco Group), formed Cosco-PSA Terminal Pte Ltd (CPT) in 2003 to manage and operate two berths at Pasir Panjang Terminal. By 2008, these berths were seamlessly integrated with the rest of PSA operations using state-of-the-art technology.
CPT is PSA's first joint venture project with a customer in Singapore and also marks the first foray by the Chinese conglomerate into the container terminal operations business outside China and Hong Kong.