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PSA in US$260m Zhenhua crane deal

¡¡¡¡PSA Singapore is buying S$400 million (US$260 million) worth of new quay cranes from Zhenhua Port and Machinery of Shanghai as part of continuing expansion of the Pasir Panjang terminal.
¡¡¡¡It is buying around 30 super post-panamax cranes from ZMPC. The cranes, with 40ft container tandem lift capability, will be used in phase two of the project. The terminal has 13 berths operating and will have 13 more by 2009, giving PSA a total handling capacity of 35 million TEU a year.
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