Shanghai Daily news

PSA Corp, which operates the world's second-largest container terminal in Singapore and is owned by the Singapore government, said it will join competitors such as tycoon Li Ka-shing's Hutchison Whampoa Ltd in bidding to invest in Shanghai's US$16 billion Yangshan port. The deepwater port will have 52 berths and the capacity to handle 25 million twenty-foot container units when completed in 2020.