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PSA unboXed rolls out 2nd call for action to support Port of the Future blueprint
PSA International's corporate venture-capital arm, PSA unboXed, is sending out its second call for action for its incubator programme to invite startups and potential partners to propose technology solutions for the port operator's vision for the Port of the Future - Container Port 4.0TM (CP4.OTM).
Startups and technology solution providers selected for the incubator programme will have the opportunity to collaborate with PSA to incubate ideas and testbed their solutions in an unparalleled live port environment, at the PSA Living Lab, said PSA.
CP4.0TM is PSA's transformation blueprint to establish the Port of the Future - a hyper-connected port that deploys smart technologies for sustained value to customers and stakeholders in the port, shipping and broader logistics communities.
The blueprint guides PSA terminals around the world on which automation and digital technologies to adopt, and enables the sharing of project details within the group, said PSA in a statement.
Towards this end, PSA has committed about S$150 million to innovation programmes that include automated-guided vehicles, crane automation, predictive maintenance, wharf side automation and video analytics projects for its terminals around the world.
PSA is also continually enhancing its inhouse Global Terminal Operating System that will have adaptive and predictive features to optimise operations in its overseas terminals.
The PSA Living Lab consists of two operational berths at PSA's Pasir Panjang Terminal in Singapore, and was launched last year by the Maritime and Port Authority of Singapore, Singapore Economic Development Board and PSA for the port and logistics industry, with close to S$100 million committed over three years.