PSA SINES INAUGURATES STAGE 1 OF PHASE III OF THE SINES CONTAINER TERMINAL

Monday, July 4, 2022
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On July 1, PSA Sines held an inauguration ceremony to mark the completion of the first stage of Phase III of the Sines Container Terminal Expansion.

The works completed in the first phase of the expansion include an additional 204 meters of quay length, which will now allow PSA Sines to handle three mega-ships simultaneously.

The inauguration event was graced by the Secretary of State for Infrastructure of Portugal, Hugo Santos Mendes, the Minister of Foreign Affairs of Singapore, Dr. Vivian Balakrishnan; the Secretary of State for Internationalization of Portugal, Bernardo Ivo Cruz, the President of the Port of Sines, José Luís Cacho; the Mayor of Sines, Nuno Mascarenhas; the Management team, Customers, Partners and Stakeholders.

Since construction of the terminal began in 2000, PSA Sines has already invested more than 200 million Euros in developing its state-of-the-art facilities.

To facilitate increased cargo volumes and meet the growing needs of its customers, PSA Sines has embarked on an ambitious, 300 million Euro expansion project called Phase III.

When Phase 3 is fully completed, the terminal will nearly double its annual handling capacity to 4.1 million TEUs (Twenty-foot Equivalent Units) - strengthening PSA Sines' position as one of the leading ports in the region.

Increased investment leads to increased employment. With the completion of the first stage, the terminal will create additional jobs in engineering, information technology and operations, making PSA Sines one of the largest employers in the region.

David Yang, Regional CEO, PSA Europe, Mediterranean & Americas says, "PSA has always believed that the port of Sines - a deepwater port strategically located at the intersection of the North-South, East-West routes - offers a unique opportunity for the successful development of a container terminal for its customers. Today, PSA Sines has already exceeded our highest expectations, having become a major regional hub capable of serving the most important sea routes and with the capacity to receive the largest container ships."