Maersk eyes 'cut and run' moves as port congestion brings delays
*Edited at 10:45am on 12 February to include a response from PSA Singapore and Maersk* Maersk ...
Singapore today confirmed plans to continue to add capacity that will eventually see it operating some 65m teu annually by 2030.
In a keynote speech at the opening of the TOC Container Supply Chain Asia conference in Singapore, PSA International chief executive Tan Chong Meng (pictured) said that by 2020 it would begin construction of what is being termed its “mega-port”.
He said the company would press ahead with the plans, despite the current volatility in shipping being expected to continue.
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