PSA to run Brunei port

PSA to run Brunei port

SINGAPORE (DPA): PSA Corporation, Singapore's largest shipping company, will manage and operate a container terminal in Brunei, a news report said Thursday.

Muara Container Terminal (MCT), is the first terminal PSA will manage in South-east Asia, The Straits Times newspaper said.

Currently, PSA manages eight overseas terminals in India, Italy, China and Yemen. MCT is strategically located, encompassing Brunei, Indonesia, Malaysia and the Philippines.

PSA will work with joint-venture partner Archipelago Development Corporation (ADC), also of Singapore, on the project.