Connectivity trumps competition in port industry: PSA regional head

Pasir Panjang Terminal. Despite being a port operator, PSA has invested in 18 Chinese rail depots and acquired similar assets in India.
Pasir Panjang Terminal. Despite being a port operator, PSA has invested in 18 Chinese rail depots and acquired similar assets in India.ST PHOTO: LIM YAOHUI

The port industry is a unique business because instead of trying to defeat your competitors in other cities, there is a focus on developing those very locations. This is to improve the connectivity of trade routes and ensure the smoother movement of cargo, said Mr Ong Kim Pong, PSA's chief executive for South-east Asia.

Competition in the port industry is international. There are two basic categories - hinterland ports and transshipment hubs like Singapore.

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A version of this article appeared in the print edition of The Straits Times on January 15, 2020, with the headline 'Connectivity trumps competition in port industry: PSA regional head'. Print Edition | Subscribe