信德海事网-专业海事信息咨询服务平台
  >  MARKET

PSA considering disinvestment from Hutchison Ports

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


Ctrl+D 将本页面保存为书签,全面了解最新资讯,方便快捷。