PSA Sical Terminals Ltd, a heavily scrutinized and litigated private cargo terminal majority-owned by PSA International from Singapore, is nervously watching as JM Baxi Ports & Logistics Ltd prepares to open a new container terminal at VOC Port, just a few hundred meters away. PSA Sical, which has struggled with tariff disputes and significant unpaid royalty dues, currently operates under a Supreme Court stay against a termination order for non-payment. Despite its crucial role in putting VOC Port on the global map, PSA Sical has faced ongoing issues, including a deepening financial strain from tariff cuts and restricted depth at its berth. The terminal handles mostly coastal containers due to these constraints and faces competition from the nearby Dakshin Bharat Gateway Terminal, which handles a higher volume of export-import containers. With a contract set to expire in 2028, the future of PSA Sical is uncertain, especially given the unresolved royalty payments and operational challenges. However, there is hope that upcoming infrastructure improvements, such as the dredging of the North Cargo Berth-III, may offer some relief.