Port of Singapore Authority International (Temasek) intrigued by the Alexandria terminal

The public Singaporean group is one of the three largest port terminal operators in the world alongside two other Chinese companies – COSCO (public) and Hutchison Port Holdings (HPH, private). PSA handled 85.2m TEU containers in 2019, of which 36.89m TEU in Singapore and 48.32m TEU abroad, for a net profit of $890m. Active on all continents except Africa, PSA has already tried in the past – unsuccessfully – to gain a foothold south of the Sahara, in Douala, as part of the invitation to tender for the renewal of the port concession last year, as we reported at the time. HPH was also in the running.