Singapore’s state-owned PSA Corp Ltd, which runs the world’s second busiest container port after Hong Kong, is keen to take a stake in Shanghai’s new multi-billion dollar Yangshan Port.
“We have expressed interest and we are in the process of discussing it,” PSA chairman Stephen Lee told reporters after the launch on Tuesday of the corporation's Singapore joint venture with China-backed container leasing company COSCO Pacific Ltd.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!