PSA set to make Yangtze Delta debut
It forms venture with Lianyungang Port Group
[SINGAPORE] Port operator PSA International will form a joint venture to run Lianyungang Port in China's Yangtze River Delta, the government-linked company announced yesterday.
PSA said that it had inked a deal with Lianyungang Port Group to take a stake in the company that will take over the port project from China Shipping Container Lines following completion of the deal.
PSA declined to reveal the size of its stake and how much it is paying.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Airbus net profit soars 28% in first quarter
Carrier AirAsia discloses new listing plans under RM6.8 billion units merger
Baltimore’s trapped ships start leaving as new channel opens
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
India’s IndiGo gets into long haul game with Airbus A350 deal