Comment / M&A radar: HHLA gets its taste of Singapore sling with Cosco buy

My, how time flies… while it still resides in recent memory, it is now nearly 20 years since Singapore’s container terminal operator PSA experienced a Damascene conversion that saw it throw out its traditional, independent common user model and instead jointly develop facilities and terminals with carriers as equity partners.

Port history nerd corner

At the turn of the millennium, Maersk approached PSA with what effectively amounted to an ultimatum – “Give us a stake in a terminal dedicated to our transhipment ...