The Singapore company, which operates the world’s largest transhipment hub, has received numerous accolades for its outstanding efficiency and service, including being named the “Best Container Terminal – Asia (Over 4M TEUs)” for more than 25 times.
With the emergence of ultra-large container vessels and mega alliances driving the need for advanced logistics, the port operator is creating a hyper-connected port that will deploy break-through technologies to become even more efficient, productive and future-ready.
Dubbed “Port of the Future - Container Port 4.0TM”, PSA’s transformation blueprint will guide its terminals worldwide on the type of automation and digital technologies to adopt.
Some of its key innovation-centric operations include:
- PSA Living Lab
In 2016, PSA inaugurated the PSA Living Lab, a living laboratory in Singapore for the port and logistics industry, with close to S$100 million committed to the initiative over three years. Supported by the Economic Development Board (EDB) and the Maritime and Port Authority of Singapore (MPA), the Living Lab enables technology firms and start-ups to develop ideas and test-bed integrated systems in a live port environment at PSA Singapore’s Pasir Panjang Terminals. One key project of the initiative is the automated guided vehicle system, which will ramp up operations to a fleet of 30 vehicles in 2017.
- PSA unboXed incubator programme
PSA International's corporate venture-capital arm, PSA unboXed, launched an incubator programme in 2016. It aims to nurture start-ups to create solutions to bring strategic value to PSA. Areas of interest include not only port technology but also logistics technology, trade and financial technology. The unboXed Corporate Venture Fund has S$20 million in funding and invests in early-stage start-ups.