PSA has formed a joint-venture with HMM for container terminal operations in Singapore.
The move further strengthens its competitive grip on the South-east Asia transhipment market.
HMM-PSA Singapore Terminal (HPST) will commence operations before the end of the year, subject to regulatory approvals; PSA and HMM hold 58% and 42% respectively.
“This strategic partnership will offer long-term hubbing certainty to HMM’s fast-expanding global vessel fleet in PSA Singapore,” PSA said today.
“Besides volume and …

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Source: The Loadstar