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PSA breaks into the Americas

PSA breaks into the Americas

Singapore: PSA International is making its first foray into the Americas by wiining a tender to develop the former US naval base at Rodman, Panama. The site is on the Pacific side of the canal.

The first phase of the container terminal will be up and running by 2009, comprising a single berth 330m long with an annual capacity of 450,000 teu.

PSA's announcement follows Hutchison Port Holdings' commitment to expand its Balboa facility on the Atlantic side of Panama by spending $200m to lengthen its quayside from 350m to 1.5km.  [28/02/07]