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PSA and South Korea's HMM launch joint venture for container terminal operations in Singapore

Felicia Tan
Felicia Tan9/3/2020 09:51 AM GMT+08  • 2 min read
PSA and South Korea's HMM launch joint venture for container terminal operations in Singapore
Through their respective subsidiaries, PSA will hold a 58% stake in the joint venture, while HMM will own the remaining 42%.
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PSA Corporation and South Korea’s HMM Co have formed a joint venture in Singapore to enhance operational excellence and efficiency in container operations.

The joint venture company, HMM-PSA Singapore Terminal, is scheduled to commence operations before the end of 2020, subject to regulatory approvals.

Through their respective subsidiaries, PSA will hold a 58% stake in the joint venture, while HMM will own the remaining 42%.

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