PSA International

Company in the news

PSA acquires 85% stake in Polish intermodal operator to support PSA's European container hubs

Loconi is one of Poland's leading intermodal operators established in 2011.
PSA International earnings down 6.3% y-o-y to $1.46 billion in FY2023 - THE EDGE SINGAPORE

Results

PSA International earnings down 6.3% y-o-y to $1.46 billion in FY2023

Group revenue decreased by 11.2% y-o-y to $7.10 billion due to challenging market conditions and weak trade demand.

Transport

Saudi wealth fund, PSA consider Global Ports IPO

The PIF is listing several of its portfolio companies to raise funds to help diversify Saudi Arabia’s economy

Deals, joint ventures & alliances

PSA International acquires stake in Vietnam logistics provider SOTRANS Group

The latest venture in Vietnam strengthens PSA's network in the region.

Deals, joint ventures & alliances

PSA International forms JV with Kazakhstan Railways to enhance trade through TITR

The partnership between KTZ and PSA aims to develop the TITR through initiatives such as the organisation of block trains.
PSA's CK Hutchison ports US$4 bil stake sale attracts China giants, sources say - THE EDGE SINGAPORE

Company in the news

PSA's CK Hutchison ports US$4 bil stake sale attracts China giants, sources say

The sale process has just kicked off and PSA is holding early talks with potential bidders including China Merchants and Cosco.
PSA to acquire BDP International - THE EDGE SINGAPORE

M&A

PSA to acquire BDP International

The move is PSA’s first major acquisition of this nature, says PSA group CEO Tan Chong Meng.

Company in the news

PSA International reports 6.2% lower FY20 earnings of $1.17 bil on lower income and higher other operating expenses

Revenue for the FY2020 grew 2.5% y-o-y to $4.18 billion on higher throughput and business acquisitions.

Company in the news

PSA International reports 1.7% y-o-y increase in volume for 2020

PSA International has handled 86.6 million Twenty-foot Equivalent Units (TEUs) of containers in 2020.

Deals, joint ventures & alliances

One Network Enterprises and PSA International to expand services for global terminal operations and logistics

One Network Enterprises (ONE) and PSA Cargo Solutions, a unit of PSA International, announced on Monday a strategic partnership to expand services for global terminal operations and logistics.
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