Hutchison Port Holdings

As China blocks terminals deal, BlackRock chief says ports ‘will define the future’

The chairman of one of the largest global investment managers says ports are as critical to future infrastructure of the global economy as data centers and power grids.

BlackRock Chairman Laurence Fink in an annual letter to investors said that’s why the company spent 2024 transforming itself into a leader in private markets, the better to get a jump on what it estimates will be a $68 trillion infrastructure boom.

“Assets that will define the future—data centers, ports, power grids, the world’s...

https://www.freightwaves.com/news/as-china-blocks-terminals-deal-blackrock-chief-says-ports-will-define-the-future

Beijing blocks sale of Panama Canal shipping terminals to US investor: Reports

CK Hutchison will not sign a deal as scheduled to sell its port operations near the Panama Canal to a U.S. investor and Swedish shipping line.

The Hong Kong conglomerate (OTC: CKHUF) controlled by billionaire Li Ka-shing on March 4 announced an agreement to sell control of its Hutchison Port Holdings marine terminals outside China to a consortium of BlackRock (NYSE: BLK) and TiL, the terminals arm of Geneva-based shipping firm MSC, for $23 billion. The announcement set an April 2 deadline to...

https://www.freightwaves.com/news/beijing-blocks-sale-of-panama-canal-shipping-terminals-to-us-investor-reports

Trump says US plans tax breaks, investment in shipbuilding

The Trump administration may offer tax breaks as part of a wide-ranging effort to revitalize U.S. shipbuilding and blunt the dominance of China in the global maritime industry.

In a speech Tuesday to a joint session of Congress, President Donald Trump reiterated his support for the latest proposals to resurrect domestic capacity for the national defense and merchant maritime sectors.

Plans include a new office of shipbuilding within the White House, part of a package of proposals included in a...

https://www.freightwaves.com/news/trump-says-us-plans-tax-breaks-investment-in-shipbuilding

After Trump pressure, China sells Panama port terminals to US private equity firm, MSC

In a blockbuster deal that could shift the balance of power in global port operations, a consortium of U.S. private equity firm BlackRock and MSC of Geneva has agreed to purchase the non-Chinese assets of Hong Kong-based subsidiary Hutchison Port Holdings, including terminals at the ports of Balboa and Cristobal in Panama.

The news follows disputed claims by President Donald Trump that the Chinese military was controlling the Panama Canal, and that American vessels were being cheated on transit...

https://www.freightwaves.com/news/after-trump-pressure-china-sells-panama-port-terminals-to-us-private-equity-firm-msc

Hutchison Ports welcomes LNG-powered 23K TEU colossus CMA CGM Palais Royal

On December 19, Hutchison Ports BEST terminal received 23,000 TEU containership CMA CGM Palais Royal, one of the world’s largest liquefied natural gas (LNG)-powered vessels. 

The post Hutchison Ports welcomes LNG-powered 23K TEU colossus CMA CGM Palais Royal appeared first on Offshore Energy.

https://www.offshore-energy.biz/hutchison-ports-welcomes-lng-powered-23k-teu-colossus-cma-cgm-palais-royal/

Yantian limits intake of export containers amid new year holiday rush

Hutchison Ports says Yantian International Container Terminal (YICT) in southern China lowered the cut-off time for receiving outbound containers since Wednesday, claiming delayed ship arrivals have caused containers to pile up in its yard.
YICT is one of three sub-ports that make up Shenzhen port, the others being Nanshan and Dachan Bay.
Shenzhen is China’s third-busiest container port, after Shanghai and Ningbo-Zhoushan, and the fourth-busiest in the world. In 2020, Shenzhen handled …

The post

https://theloadstar.com/yantian-limits-intake-of-export-containers-amid-new-year-holiday-rush/

ONE collaborates with PARIS to reduce GHG emissions

Ocean Network Express (ONE) Inland Operations and PARIS Optimal Transport Planning Solution (PARIS), a wholly-owned subsidiary of Hutchison Port Holdings, will work together on a new project aiming to reduce carbon emissions caused by their container transport operations.

As part of ONE’s commitment to reduce their environmental impact, they have begun the process to achieve ISO 14001 Environmental Management System (EMS) certification for Europe and Africa region’s landside operations by the...

https://container-news.com/one-collaborates-with-paris-to-reduce-ghg-emissions/

Union accuses Patrick Terminals of “spreading fear” and dishonesty

In what appears to be an intensification of the Australian docker’s dispute the Maritime Union of Australia (MUA) has accused management at Patrick Terminals of “spreading community fear” and lying with the aim of attacking workplace rights.

Patrick Terminals has made an application to Australia’s Fair Work Commission to end the dockers dispute at Sydney’s Botany Bay port following two years of wrangling between terminal operators and the unions.

Last week, hopes of an end to the long running...

https://container-news.com/union-accuses-patrick-terminals-of-spreading-fear-and-dishonesty/

Busan Port considers volume-linked terminal rentals

Busan Port Authority (BPA), aware of the challenges facing liner operators, could offer volume-linked rental rates to terminal operators from 2022, ahead of the opening of the opening of Phases 2-5 and 2-4 of Busan New Port (BNP).

Currently, a fixed rent is paid based on the area of ​​the wharf, regardless of the amount of loading and unloading.

The volume-linked rental system could reduce the terminal operators’ financial burdens and discourage them from engaging in a price war by cutting fees.

Th...

https://container-news.com/busan-port-considers-volume-linked-terminal-rentals/

+ More