Press Release

PSA’s Portnet.com Signs Agreement with Informa Group to Develop a Comprehensive, Real-Time Maritime News and Information Hub on the Internet

Portnet.com Pte Ltd, a subsidiary of PSA Corporation Limited (PSA), one of the world’s largest container terminal operators, has signed an agreement to co-operate with the Informa Group, publishers of Lloyd’s List, to set up a one-stop, real-time news and information hub on the internet for the global shipping and maritime industries.

Informa Group, publishers of the leading daily shipping newspaper Lloyd’s List, and Portnet.com Pte Ltd, the newly launched e-commerce arm of PSA which provides internet business-to-business solutions and comprehensive information for the global shipping community, signed a Memorandum of Understanding (MOU) at a ceremony in Singapore on 6 July 2000.

The two companies will work together to create a unique one-stop site for all maritime information and shipping enquiries called "InfoHub". This site will be developed under Portnet.com.

The partnership between Portnet.com Pte Ltd and Informa will create an internet hub that will be one of the most comprehensive and accessible sources of maritime information for the global shipping community on the web today.

The InfoHub aims to provide real-time shipping news, industry analysis on demand, customised reports, industry links and a host of other business-related information at a glance.

The MOU was signed by Mr Khoo Teng Chye, Group President, PSA Corporation and Mr Peter Rigby, Chairman, Informa Group PLC.

Mr Khoo said, "The synergies between Informa and Portnet.com will generate news and valuable industry information like shipping schedules and movements that will not be found anywhere else in the world. We are confident that our collaboration with Informa will make Portnet’s InfoHub a "must visit" website for the global shipping community."

Mr Rigby said, "We are delighted to be associated with this initiative of PSA and to be working on the Portnet.com project along with PSA and our other partners. It is an exciting step which brings us a long way from our humble beginnings in 1734 into the new economy."

The Informa Group of the UK becomes the fourth international strategic partner of Portnet.Com Pte Ltd after Sun Microsystems, iPlanet and Oracle Corporation.

Background on the companies
Portnet.com was launched on 8 May to create more value through e-commerce solutions for the shipping community. It builds on PSA’s expertise in establishing PORTNET® as the only nationwide e-commerce community for ports and shipping in the world today since 1984. PORTNET® has 6,400 users and 5 million transactions a month.

Informa publishes the world’s oldest international daily newspaper, Lloyd’s List. First published in 1734, Lloyd’s List is the leading information source for the maritime industry worldwide. As well as through its flagship Lloyd’s List, Informa, through a variety of publications, electronic databases, conferences and exhibitions provides business information to many vertical markets such as Telecommunications, Finance, Insurance, Energy, Law, Life Sciences and Commodities as well as Maritime Trade and Transport.