MACAU: Singapore-based port operator PSA is looking to expand in Asia as competition heats up.
PSA has held its own against rivals in Hong Kong and Dubai - keeping its crown as the world's 'best container terminal operator'.
The award was given at the annual Asian Freight & Supply Chain Awards (AFSCAs) in Macau on Wednesday.
At the same event, Singapore was named the 'best seaport in Asia'.
PSA has emerged tops against its rivals from Hong Kong and Dubai, for the third consecutive year.
In the category for Best Container Terminal in Asia (over 4 million twenty-foot equivalent units per year), PSA beat rivals Hong Kong International Terminals and Malaysia's Tanjung Pelepas.
PSA also came up tops against Dubai's DP World and Hong Kong's Hutchison Port Holdings for best global container terminal operator.
The latest accolades came on the back of a sterling performance from PSA.
It recorded a bumper profit for 2006, thanks in part to significant contributions from its US$4 billion acquisition of 20 percent of Hutchison Whampoa's global ports portfolio.
PSA currently operates a network of container terminals in 14 countries across Asia, Europe and the Americas, and has recently made a US$165 million investment in Vietnam.
It is seeking to expand its footprint and is eyeing emerging markets like China, India, Pakistan and Turkey.
Vincent Lim, Chief Executive Officer, Northeast Asia, PSA International, said, "We (are) going to continue on this expansion track. There is a lot of growth out there, even in the matured economies as well as emerging economies."
PSA has a war chest that is estimated at US$1.6 billion.
There have been reports that the port operator was planning a stock market listing, but PSA said recently that was not in the immediate pipeline.
PSA has held its own against rivals in Hong Kong and Dubai - keeping its crown as the world's 'best container terminal operator'.
The award was given at the annual Asian Freight & Supply Chain Awards (AFSCAs) in Macau on Wednesday.
At the same event, Singapore was named the 'best seaport in Asia'.
PSA has emerged tops against its rivals from Hong Kong and Dubai, for the third consecutive year.
In the category for Best Container Terminal in Asia (over 4 million twenty-foot equivalent units per year), PSA beat rivals Hong Kong International Terminals and Malaysia's Tanjung Pelepas.
PSA also came up tops against Dubai's DP World and Hong Kong's Hutchison Port Holdings for best global container terminal operator.
The latest accolades came on the back of a sterling performance from PSA.
It recorded a bumper profit for 2006, thanks in part to significant contributions from its US$4 billion acquisition of 20 percent of Hutchison Whampoa's global ports portfolio.
PSA currently operates a network of container terminals in 14 countries across Asia, Europe and the Americas, and has recently made a US$165 million investment in Vietnam.
It is seeking to expand its footprint and is eyeing emerging markets like China, India, Pakistan and Turkey.
Vincent Lim, Chief Executive Officer, Northeast Asia, PSA International, said, "We (are) going to continue on this expansion track. There is a lot of growth out there, even in the matured economies as well as emerging economies."
PSA has a war chest that is estimated at US$1.6 billion.
There have been reports that the port operator was planning a stock market listing, but PSA said recently that was not in the immediate pipeline.
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