A joint venture between Cosco Pacific and PSA Corporation is investing in new berths in Singapore to cater for mega containerships.
Leading political and company figurers were present as pen met paper on the agreement in Shanghai today.
Following the deal Cosco-PSA Terminal, a joint venture established in 2003, will move from two existing berths to three new mega berths when they open in 2017, a statement said.
Josephine
