Port News

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Singapore's PSA Weighs Selling Minority Stake in CK Hutchison's Ports Business

PSA bought its 20% stake for $4.4 billion in 2006 and has looked at selling previously. Reuters reported in late 2022 that PSA weighed a potential sale. But the two sources said it put the process on hold months later after global shipping activity weakened.
Outside of its stake in CK Hutchison, PSA has 70 terminals in 45 countries, including its two flagship ports in Singapore and Belgium, according to its website.