PSA Corporation Ltd (PSA) and HMM Co., Ltd (HMM) have joined forces to form a joint venture in Singapore, working together for enhanced operational excellence and efficiency in container operations.
Subject to regulatory approvals, the joint venture company, HMM-PSA Singapore Terminal Pte Ltd (HPST), is scheduled to commence operations before the end of this year. PSA will hold a 58 per cent stake in HPST, while HMM will own the remaining 42 per cent, both through their respective subsidiaries....