Kalmar Renews Service Agreement with PSA Singapore

Kalmar, a leading provider of cargo handling solutions and services, has recently renewed its service agreement with PSA Singapore, the world's largest container transshipment hub. The agreement, signed in Q4 2024, covers maintenance and repair work on PSA's cargo-handling fleet, including empty container handlers, terminal tractors, and forklift trucks. This renewal demonstrates Kalmar's continued commitment to its customers and its ability to deliver tailored, reliable, and innovative service solutions that keep their business moving.

The renewed agreement has a positive impact on Kalmar's financial performance and market position in the region. It increases Kalmar's revenue through the services provided to PSA Singapore and strengthens its long-term cooperation with the company. This agreement reinforces Kalmar's position as a leading provider of cargo handling solutions and services in the region, further enhancing its competitive edge.

PSA Singapore's decision to renew the service agreement with Kalmar is driven by several key factors:

1. Reliability and Efficiency: PSA values Kalmar's ability to deliver tailored, reliable, and innovative service solutions that keep their business moving. This is evident in the quote from Thomas Lim, Director, Services, Kalmar SSEA: "We are pleased to be able to strengthen our long-term cooperation with PSA Singapore through this new service contract. The agreement demonstrates our continued commitment to our customers as well as our ability to deliver tailored, reliable and innovative service solutions that keep our customers’ business moving."
2. Expertise in Terminal Automation: Kalmar is the industry forerunner in terminal automation and energy-efficient container handling. With one in four container movements around the globe being handled by a Kalmar solution, PSA recognizes the value of partnering with a company that can improve the efficiency of every move. This is highlighted in the quote from Ismo Matinlauri, Vice President, Automation Solution Sales APAC, Kalmar: "We are delighted to have the opportunity to further strengthen our long-term relationship with PSA through this comprehensive maintenance and support agreement. This is a significant milestone for both parties and lays the groundwork for Kalmar to further support PSA in optimising and expanding their AGV operations."
3. Sustainability and Long-term Capacity Assurance: PSA is committed to sustainable material handling equipment and services, as mentioned in Kalmar's vision. The renewal of the service agreement with Kalmar demonstrates PSA's commitment to sustainable practices and long-term capacity assurance. This is aligned with PSA's Node to Network strategy, which aims to create a more cohesive and integrated port ecosystem.

These factors influence the broader market dynamics in the container handling industry by emphasizing the importance of reliable and efficient service providers, promoting innovation and sustainability in container handling, and fostering long-term partnerships and capacity assurance.

In conclusion, the renewal of the service agreement between Kalmar and PSA Singapore highlights the importance of reliable and efficient service providers in the container handling industry. This agreement demonstrates Kalmar's continued commitment to its customers and its ability to deliver tailored, reliable, and innovative service solutions that keep their business moving. The agreement also reinforces PSA's commitment to sustainable practices and long-term capacity assurance, further enhancing the company's position as the world's largest container transshipment hub.