Jan. 26, 2007 (China Knowledge) – Singapore port operator PSA International Pte. Ltd. and China Shipping Group Co. are likely to be the single largest shareholders in the third phase of the Yangshan Deep-Water Port.

Each party will own 30% of the third phase of the deal, which is expected to cost RMB 9 billion and is awaiting approval from the State Council. Shanghai International Port (Group) Co. <600018> will hold 20% while China Ocean Shipping Group Co. and CMA-CGM will each hold 10% of the remaining stake.

The port, built to allow Shanghai’s port to accommodate the world’s biggest container ships, is likely to finish construction of its third phase by the end of this year.