1996/The signing of PSA's first Virtual Terminal Agreement for a 10-year period with The Global Alliance, a major shipping consortium. This agreement provides customers with reliable customised service, price certainty and cost effectiveness
/ Launch of PSA's first overseas project, Dalian Container Terminal costing RMB4 billion.
The project is a joint venture between Singapore partners and Dalian Port Authority
(below)
/ Completion of the first two berths at Pasir Panjang Terminal
/ In the cruise survey carried out by UK's Dream World Cruise Destinations, Singapore won the 1st prize for being the Best Turnaround Port and the Runner-up for the Best
Destination and Best Information Provider. Overall, Singapore was rated as one of the three best ports in the world for the cruise business - Singapore and Dover were joint runners-up behind Port Everglades
/ QC participation rate hit 100%.
/ PSA organised its first Staff Conference Day.
/ Commencement of "Adventure Learning", a corporate-wide teambuilding programme that emphasises communication and teambuilding among the participants
/ Singapore Port Workers' Union celebrated its 50th Anniversary
1997 / In June, PSA was awarded an Engineering, Procurement and Construction contract to develop and construct a container terminal at Aden in Yemen, at a sum of US$187 million
/ In July, PSA signed an agreement with Asia Pulp and Paper Company to jointly manage and operate a central distribution centre at Pasir Panjang Wharves for the handling, transhipment and distribution of pulp and paper cargo.
/ PSA was appointed the manager for Singapore Expo by the Ministry of Trade and Industry. This new mega exhibition complex, a $220 million project, is at the eastern part of Singapore. Phase I will offer 60,000 sq metres of covered exhibition space and be completed in early 1999. The exhibition capacity can be expanded to 100,000 sq metres, the largest in the region.
/ PSA achieved a record of 14 million TEUs in a year.
/ PSA became the first Asian port to receive the world's largest container vessel, the 6,600-TEU " Sovereign Maersk"(below)
