PSA International of Singapore
ORG
PSA International of Singapore PSA
As no one has the right to be more disappointed about the fact that Dubai is buying the storied British container port operator at the center of the political storm in the United States than the company it bid higher, PSA International of Singapore. PSA has no port operations in the United States, so the Peninsular & Oriental Steam Navigation Company and the six American ports where it operates terminals would have been strong additions to the 19 others that PSA already has stakes in around the world. Moreover, the state-owned PSA would have vaulted to No. 1 from second in the top rankings of global port operators. Still PSA, whose single shareholder is the Singapore government's $63 billion investment agency, chose to walk away after DP World topped its bid of £3.5 billion with one for £3.92 billion ($6.8 billion).