CK Hutchison Holdings Ltd. warned of a deteriorating global business environment due to geopolitical and trade tensions, as the Hong Kong conglomerate reported weaker-than-expected profit while a ports sale plan faces uncertainty after infuriating Beijing.
https://gcaptain.com/ck-hutchison-flags-political-risk-as-port-deal-upsets-china/
Key executives say shipowning is just part of the wider Maersk picture
Hong Kong-based conglomerate CK Hutchison is facing intense criticism from Beijing over its ports sale to a BlackRock-led consortium, fueling speculation as to whether China could take steps to scupper the deal.
https://gcaptain.com/what-levers-do-china-and-hong-kong-have-over-ck-hutchisons-port-deal/
A plan by the Trump administration to introduce fees on the use of Chinese commercial ships is likely to damage the US economy and may fail to reverse China’s shipbuilding dominance, a top shipping trade group said.
https://gcaptain.com/shipping-trade-group-says-trump-port-fee-plan-will-hurt-us/
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Misguided assumptions The international shipping industry needs to be alerted to the substantial risk of unwarranted arrests and severe prison sentences associated with docking at certain ports around the … |
The Plaquemines Port Harbor and Terminal District has rebranded as the Louisiana Gateway Port, part of a strategic move to establish itself as one of America’s leading maritime hubs. The…
Deal’s enterprise value of $22.8bn dwarfs every other port deal
Tonnage provider says 88 ships it charters out were built in China, and it has 36 more on order
Federal Maritime Commission says measures would hit Panama flag the most
DP World and the Saudi Ports Authority (Mawani) have officially inaugurated the new South Container Terminal at Jeddah Islamic Port, following a three-year project that has more than doubled its capacity from 1.8 million to 4 million TEU a year. The expansion also opens the way for further expansion to a capacity of 5 million TEU, with additional ship-to-shore equipment scheduled to be deployed as demand grows.
The Jeddah terminal was DP World’s first concession outside the UAE in 1999, and this...
https://www.themaritimestandard.com/new-south-container-terminal-inaugurated-in-jeddah-port/