Hong Kong's Hutchison Whampoa along with Singaporean port operator, PSA International and the AP Moller-Maersk Group are considering an investment in the third phase of the Shanghai's Yangshan deepwater container terminal among other big name overseas players, said international media reports.The phase three development which is owned by China's biggest port operator, the Shanghai International Port Group (SIPG), will boast seven berths when it opens in 2010.
This will raise box handling capacity to 15 million TEU by 2012. Phases One and Two already boast an annual handling capacity of 4.3 million TEU and nine berths. "Many foreign companies have expressed interest in Phase Three, including PSA, Maersk, Dubai Ports and Hutchison Whampoa," said Shanghai Port's president Chen Xuyuan in the Reuters report. Maersk's port arm, APM Terminals, and Hutchison Port Holdings each owns a 32 per cent stake in the second phase of the development. A deal for the Yangshan container terminal Phase Three is expected to be wrapped up in the first half of 2007.