Through MIPL, duisport will participate in PSA's current investments in multimodal logistics facilities in China, i.e. the Sino Singapore Chongqing DC Multimodal Logistics ("SSCDC") in Chongqing and the China United International Rail Co. ("CUIRC") rail terminal network.

Based on the combined supply chain expertise of PSA and duisport, MIPL will develop value-added services for customers in Europe and Asia, providing them with efficient multimodal, logistics and digital services via Chongqing and the CUIRC rail terminal network.

"This partnership with duisport is a ground-breaking opportunity to work more closely with global customers seeking direct access to land-based and maritime markets in Asia. We look forward to working with supply chain service providers to develop more physical and digital solutions for the redistribution and return of products and improve the overall supply chain between inland and marine terminals," said Tan Chong Meng, Group CEO, PSA International.

"Our joint venture with PSA is a milestone in the history of the Port of Duisburg. It strengthens our market position in Asia and deepens our relations with one of the fastest growing regions in the global economy. Our participation in this key network opens up new opportunities for European companies, especially in markets that were previously closed to them. The combination of high-performance rail infrastructure and innovative digital services associated with the joint venture is, in my opinion, unique in the world. For our customers and partners, this cooperation offers completely new perspectives - and business opportunities. Multimodal investments will become one of the key growth drivers for rail freight transport between Europe and Asia," says Erich Staake, CEO of the duisport Group.

Chongqing is the largest multimodal logistics hub in Western China, connected by transportation services along the International Land Sea Trade Corridor and the China-Euro Trade Corridor. Sino Singapore Chongqing DC Multimodal Logistics is a key joint venture under the Chongqing Connectivity Initiative - Singapore's third government project with China - and is developing a 33-hectare multimodal distribution center connected to the Yuzui Rail Terminal in Chongqing's Liangjiang New Area. CUIRC has a network of 13 rail terminals across China, with the newest terminal located in Qinzhou, a major hub for multimodal services between rail and water along the International Land Sea Trade Corridor.