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HMM becomes co-owner of Busan terminal with PSA

South Korean carrier takes 50/50 split with PSA International over the ownership of PSA-Hyundai Pusan New Port Terminal. The companies are acquiring the shares of Waska Inc as part of a $198m (Won221.2bn) investment

HMM said the new terminal ensured there would be ‘stable berths’ as it gears up to welcome its fleet of ultra-large containerships, while also putting the carrier in good stead in its bid to become a fully-fledged alliance partner

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