PSA eyes investments in new growth markets

Singapore: Singapore’s leading terminal operator, PSA International, is on the hunt for more acquisitions. After a quiet couple of years, PSA restarted buying into ports last year and group ceo Tan Chong Meng said in a release yesterday the plan is to add to its global portfolio in 2014.
“For 2014, PSA will continue to upgrade our terminals globally, and make suitable investments in new growth markets and in our existing portfolio, as we have done last year,” Tan said in a release highlighting PSA’s throughput figures for 2013.
PSA International handled 61.81m teu last year, an increase of 2.9% over 2012. 32.24m teu were handled in Singapore and 29.57m teu was accounted for overseas.  [09/01/14]

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