XINDE MARINE NEWS
PSA considering disinvestment from Hutchison Ports Hong Kong Maritime Hub 2023-03-13 14:07

Singapore’s Port operator Temasek-owned PSA is mulling withdrawing its 20% stake in the ports business of Hong Kong’s CK Hutchison, Reuters has reported.
 
In a report based on the comments of two unnamed sources, Reuters maintains that PSA, the world’s second largest terminal operator, first gained a stake in the Hutchison terminal business for US$4.4bn in 2006.
 
The report goes on to suggest that port operators, mainly from China, shipping lines and cash-rich global infrastructure funds are being targeted to take up the stake.
 
The background to the mooted PSA move appears to be a slowdown in global shipping growth. The latest UNCTAD forecast for global maritime growth for 2023-2027 has been estimated at an annual average of 2.1%, falling from the previous three-decade average of 3.3% with slower economic growth and the ongoing Russia-Ukraine conflict casting a shadow over prospects.
 
Securing regulatory approval for the sale along with the acceptability to all parties are among the considerations, as well as the stake’s valuation.

Source: Hong Kong Maritime Hub


The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.

Please Contact Us at:

media@xindemarine.com


展开全文

Related Posts

SHFE Internationalizes its Business Rules to Facilitate High-Standard Opening Up of the Futures Marke

Shanghai Futures Exchange (SHF2025-07-09

Ningbo Containerized Freight Index Weekly Commentary: Overall Shipping Demand Is Insufficient, and Fr

NINGBO SHIPPING EXCHANGE2025-07-07

Valmet to deliver Valmet DNA to a bio-based process plant in Portugal

xinde marine news2025-07-02

Ningbo Containerized Freight Index Weekly Commentary: Freight Rates Diverge Between Europe and Medite

NINGBO SHIPPING EXCHANGE2025-06-30

BIMCO Shipping Number of the Week: Ship recycling could double to 16,000 ships over the next 10 years

BIMCO2025-06-26

Ningbo Containerized Freight Index Weekly Commentary: Overall Shipments have Slowed Down, Freight Rat

NINGBO SHIPPING EXCHANGE2025-06-23