PSA HUNTS IN HONG KONG, TIANJIN AND?

CentrePort Wellington chief executive Liz Ward indicated the cranes would be a significant driver in achieving greater productivity and service reliability. “Our business strategy is to grow revenue through an integrated logistics approach to port facilities, services and property interests, ” says Ms Ward. “However, CentrePort Wellington is foremost a port.

PSA International has bought a 20% stake in HPH’s HIT plus 10% in Cosco-HIT for US$925m, This is PSA’s second ports deal in Hong Kong in four months. Hong Kong sources say HPH sees PSA as a potential ‘lesser of two evils’ strategic partner to cope with the aggressive forays of DPI. PSA International’s parent, Temasek, is also rumoured to be targeting P&O Ports while PSA International itself has recently signed an agreement to develop a container terminal in Tianjin.