Chinese port operator Tianjin Port Group and Singapore-based PSA International have inked a co-operation intention agreement to jointly develop port and new energy businesses.

The signing of the co-operation intention agreement will strengthen our strategic partner relationship and jointly promote Tianjin ports’ development to be a world-class port, and improve PSA’s business function at Tianjin and other ports along Belt and Road initiatives, said Tianjin Port.

The two sides have agreed to deepen the co-operation on the new energy sector including wind power generation and photovoltaic power, as well as more sustainable development solutions for ports.

In addition, Tianjin port and PSA will strengthen collaborations on smart port equipment manufacturing and port machinery supply to jointly improve the manufacturing and digital position of the ports. 

To carry out logistics park and project construction at Tianjin port, PSA and Tianjin port will explore more joint venture opportunities on logistics, warehouse, supply chain and multi-modal transportation.

Tianjin port and PSA's co-operation has brought about several achievements on container terminal operation and talent communications since their joint venture partnership started in 2005.