HMM regains control over PSA HPNT in Busan

Home > Business > Industry

print dictionary print

HMM regains control over PSA HPNT in Busan

Hyundai Merchant Marine (HMM) said Wednesday it acquired joint ownership of PSA Hyundai Pusan New-port Terminal (PSA HPNT) in Busan.

At a ceremony attended by the Minister of Oceans and Fisheries, Yuanta HPNT, a company jointly established by the shipping liner and Singaporean shipping company PSA, signed a contract to purchase Waska, which holds a 50-percent stake in the terminal. With the acquisition, HMM regains operational control over the terminal.

Hyundai Merchant Marine CEO Yoo Chang-keun said, “By reacquiring an exclusive terminal, we can strengthen HMM’s competitiveness and provide stable service.”


By Chae Yun-hwan
Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
s
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now