News / PSA tightens grip on SE Asia transhipment via Singapore JV with HMM

PSA has formed a joint-venture with HMM for container terminal operations in Singapore.

The move further strengthens its competitive grip on the South-east Asia transhipment market.

HMM-PSA Singapore Terminal (HPST) will commence operations before the end of the year, subject to regulatory approvals; PSA and HMM hold 58% and 42% respectively.

“This strategic partnership will offer long-term hubbing certainty to HMM’s fast-expanding global vessel fleet in PSA Singapore,” PSA said today.

“Besides volume and terminal capacity assurance, PSA and HMM will also collaborate in ...