CK Hutchison's plan to sell most of its $22.8 billion ports business is unlikely to be finalised anytime soon, with political brinkmanship set to continue, and sources saying that a Sunday deadline for exclusive talks was likely to be extended.The Hong Kong conglomerate's plan to sell the business, which would include two ports along the strategically important Panama Canal
Hong Kong's CK Hutchison will not sign a deal next week to sell its two port operations near the Panama Canal to a BlackRock-led group, two people with direct knowledge of the matter said, amid growing pressure from Beijing.China's market regulator said it will carry out an antitrust review on the Panama port deal in accordance with law to protect fair competition and safeguard public interests
CK Hutchison posted a 7% rise in 2025 underlying profit on Thursday, as the market awaits updates on the company's proposed sale of its ports business and other spin-off plans.The Hong Kong ports-to-telecoms conglomerate reported underlying profit of HK$22.3 billion ($2.85 billion) on a post-IFRS 16 basis. That compared with an HK$22.9 billion LSEG SmartEstimate and the HK$20.
Inmarsat Maritime, a Viasat company, is rolling out its NexusWave connectivity service across the fleet of Belgian gas shipping company EXMAR to support ship-to-shore communications and crew connectivity.The deployment targets EXMAR’s growing fleet of gas carriers operating globally in high-demand environments
Inmarsat Maritime, part of Viasat, has secured a contract with Vega Reederei to equip 10 new diesel-electric coaster vessels with its NexusWave bonded connectivity service.The agreement covers installation of NexusWave on the 89-meter, 3,800-deadweight-tonne short-sea general cargo ships, scheduled for delivery by July 2026.
Pulsar International and Inmarsat Maritime, a Viasat company, announced a milestone in their long-standing collaboration, with Pulsar committing to rollout NexusWave across more than 300 vessels operated by its customer base over the next 12 months.Pulsar was the first company appointed as a NexusWave partner in the Mediterranean market
Inmarsat Maritime, a Viasat company, together with distribution partner Station Satcom have secured an order to install NexusWave on a bulk carrier managed by Singapore-based Norse Ship Management as the ship manager looks to meet the growing demands for crew and business connectivity across its fleet.
CK Hutchison said on Thursday its $22.8 billion ports business sale had a "reasonable chance" of going through after a plan to add a Chinese major strategic investor to the buying consortium, as it tries to navigate through Sino-U.S. tensions.CK Hutchison, based in the Chinese-controlled territory of Hong Kong
Inmarsat Maritime, a Viasat company, has announced that orders for NexusWave have exceeded 1,000 vessels. Following months of development and testing, the service has gained momentum in its first six months on the market with global customers adopting NexusWave for their fleets. Early adopters include “K” Line, Anthony Veder, Mitsui O.S.K.
CK Hutchison on Thursday reported an 11% drop in underlying profit for 2024, as one of Hong Kong's most powerful conglomerates becomes increasingly embroiled in a political row over the sale of its ports business to a BlackRock-led consortium.The telecoms-to-retail conglomerate, owned by billionaire Li Ka-shing, said this month it had agreed to sell most of its global ports business
China is threatening to block the sale of more than 40 ports, owned by Hong Kong-based CK Hutchison, to BlackRock and Mediterranean Shipping Company (MSC) if Chinese shipping company Cosco does not get a stake, the Wall Street Journal reported on Thursday, citing unnamed sources.Reuters could not immediately verify the WSJ report.
Inmarsat Maritime, a Viasat company, has renewed its cooperation with Ava Ocean in a deal that will see the Norwegian company implement Inmarsat’s latest fully managed bonded connectivity service, NexusWave, on board its new non-invasive scallop harvesting vessel later this year.Specializing in sustainable scallop harvesting in the Barents Sea