PSA Corporation and Hyundai Merchant Marine (HMM) have joined forces to launch a joint venture in Singapore, aiming to boost efficiency in container operations.
The joint venture company, HMM-PSA Singapore Terminal (HPST) is scheduled to commence operations before the end of 2020, subject to regulatory approvals.
PSA will hold a 58% stake in HPST, while HMM will own the remaining 42%, both through their respective subsidiaries.
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