PSA's meteoric year continues with further acquisitions

Singapore: On PSA International's website is news of yet more terminal acquisitions. Having just announced plans to invest in Panama, two more have been announced in India, at Hazira port terminal and Chennai port. PSA already has a presence through investments in Tuticorin on India's southeast coast. Furthermore, PSA has acquired a stake in a Turkish terminal. Earlier this year PSA won a 40-year concession to run Gwadar port in Pakistan and won the right to build a port project in Vietnam's southern province of Vung Tau.  [01/03/07]