MSC

Panama to file charges over alleged sweetheart port contract

The comptroller of Panama said on Monday that the country will file criminal complaints against officials at CK Hutchison Holdings, the Hong Kong conglomerate that runs ports on each end of the Panama Canal, as well as Panamanian government officials, after determining that CK Hutchison’s contract heavily disadvantages Panama, the Financial Times reported.

The announcement comes as CK Hutchison considers a $23 billion sale of operations at the two ports to a consortium including U.S.-based...

https://www.freightwaves.com/news/panama-to-file-charges-over-alleged-sweetheart-port-contract

Port of Zeebrugge records new depth record

Belgium’s port of Zeebrugge reached a new milestone on 8 April with the arrival of the 23,656 TEU MSC Mina.

The container vessel, measuring 400 meters in length and 61 meters in width, docked at the CSP Zeebrugge container terminal with a draft of 16.40 meters below sea level. This sets a new record for the port, surpassing the previous record of 16.30 meters, established in July 2024 by Ever Greet.

MSC Mina is the first call within MSC’s new LION service, which provides a direct connection from...

https://container-news.com/port-of-zeebrugge-records-new-depth-record/

How Much Would Major Ocean Carriers Have Paid if Chinese-Built Vessel Fees Were Implemented in 2024?

The global tariff shock caused by the Trump Administration’s policies may soon be followed by a significant new package of fees targeting Chinese-built or Chinese-flagged vessels.

According to a draft executive order, the United States is reportedly considering imposing docking fees at its ports on any ship belonging to a fleet that includes Chinese-built or Chinese-flagged vessels.

While there is still considerable uncertainty about the specifics — including how, when, and to what extent these...

https://container-news.com/how-much-would-major-ocean-carriers-have-paid-if-chinese-built-vessel-fees-were-implemented-in-2024/

APM Terminals’ Strategic Acquisition of Panama’s Railway Reshapes Competition

APM Terminals’ acquisition of the Panama Canal Railway Company (PCRC) marks a strategic move in the Maersk-owned port operator’s efforts to strengthen its competitive position in the Central American logistics and shipping market.

The PCRC takeover creates a more robust “land bridge” solution, allowing APM Terminals (APMT) to offer end-to-end logistics services. The ability to control both port and rail infrastructure reduces reliance on third-party providers, improves operational efficiency,...

https://container-news.com/apm-terminals-strategic-acquisition-of-panamas-railway-reshapes-competition/

China Moves to Block CK Hutchison Deal: Protecting Strategic Port Influence

Beijing’s move to block the sale of CK Hutchison’s overseas port division to BlackRock and Mediterranean Shipping Co (MSC) reflects its strategic interest in maintaining control over key maritime infrastructure.

CK Hutchison’s subsidiary, Hutchison Ports, a major global player, operates 43 ports with 199 berths across 23 countries, and the potential sale deal could shift influence over critical geopolitical assets.

Hutchison Ports’ network includes key strategic locations in Felixstowe (UK),...

https://container-news.com/china-moves-to-block-ck-hutchison-deal/

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

Geopolitical Implications of CK Hutchison Port Sale for China

A social media post from a China Central Television-affiliated account briefly surfaced on 29 March, criticizing CK Hutchison’s decision to divest its Panama Canal-proximate ports to a consortium of BlackRock and MSC.

The post, which was quickly removed, claimed the sale compromised China’s significant national interests, likening it to “handing a knife to an opponent”.

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https://container-news.com/geopolitical-implications-of-ck-hutchison-port-sale-for-china/

Hefty US port fees to hit ZIM and CMA CGM hardest

Alphaliner’s analysis shows that ZIM Line and CMA CGM will be the worst hit should US President Donald Trump succeed in implementing hefty port charges for ship operators with Chinese-built ships.

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https://container-news.com/hefty-us-port-fees-to-hit-zim-and-cma-cgm-hardest/

Top 10 Ocean Carriers by Revenue in 2024

The global shipping industry continues to be dominated by key players, with Maersk and CMA CGM leading the pack in 2024, each generating an impressive US$55.5 billion in revenue.

Following behind is COSCO with US$32.3 billion, solidifying its position as a major force in maritime logistics.

Hapag-Lloyd and Ocean Network Express (ONE) secured the fourth and fifth spots with US$20.7 billion and US$18.8 billion, respectively, reflecting steady growth in global trade and container demand. Evergreen,...

https://container-news.com/top-10-ocean-carriers-by-revenue-in-2024/

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