PSA expands presence in port of Fuzhou

PSA International (PSA) has established itself as the strategic partner of Fuzhou Port Group (FPG) with the acquisition of a stake in Fujian Jiangyin International Container Terminal (FJCT) in the Port of Fuzhou, China.  PSA is now the next biggest shareholder in FJCT after FPG. FJCT is PSA’s third joint venture with FPG – together […]

PSA International posts profit rise despite ‘difficult operating environment’

Port operator PSA International saw revenue rise to S$4.5billion in 2012 and a net profit increase of 10.7% to S$1.26billion, its yearly results announced today (Thursday) have shown. The Group, which operates at terminals around the world including its flagship operations in Singapore and Antwerp, posted 60.06 million teus last year increasing 5.2% from 2011. […]