PSA International Pte Ltd
, formerly Port of Singapore Authority
is the second largest port operator
in the world. The company's flagship operations are PSA Singapore Terminals, PSA HNN and PSA Marine. In total, PSA operates 28 port projects in 16 countries across Asia
and the Americas
, with a global capacity of 111 million TEUs over 66 km of quay length.
The Port of Singapore Authority was formed on April 1, 1964 to take over the functions, assets and liabilities of the Singapore Harbour Board. On August 25, 1997, a parliamentary bill was passed to corporatise the Port of Singapore Authority, and PSA Corporation Ltd (simplified Chinese
: 新加坡港务集团有限公司) was corporatised on October 1, 1997. PSA restructured in December 2003, with PSA International Pte Ltd (simplified Chinese
: PSA国际港务集团有限公司) becoming the main holding company for the PSA Group of companies.
In 2005, PSA bought 20% shares of Hongkong International Terminals Ltd.
through a subsidiary PortCapital Limited
In 2006 PSA entered into a bidding war with Dubai Ports World
for the British company P&O
Shortly after, PSA announced that it has signed a sales and purchase agreement to purchase a 20% equity and loan interest of Hutchison Port Holdings
, the subsidy of Hutchison Whampoa
Limited in April... Read More