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
U.S. President Donald Trump has hailed a deal led by U.S. firm BlackRock to buy most of the $22.8 billion ports business of Hong Kong conglomerate CK Hutchison which includes assets along the Panama Canal.The deal will give the U.S. consortium control of key Panama Canal ports amid White House calls to remove them from what it says is Chinese ownership.
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's Hong Kong and Macau Affairs Office (HKMAO) reposted a commentary criticizing CK Hutchison's port deal with U.S. firm BlackRock as a betrayal of China, sending shares of the Hong Kong-based conglomerate sharply lower on Friday.The repost of the critical state media commentary by China's governing body overseeing the territory highlights the complex geopolitical pressures the firm faces
Inmarsat Maritime, a Viasat company, verified its fully managed bonded connectivity service, NexusWave, achieved maximum download speeds of 330–340 megabits per second, with maximum upload speeds of 70–80 Mbps, in real world tests. The trials demonstrated average download and upload speeds of 120–150 Mbps and 20–45 Mbps respectively, with network availability on board NexusWave vessels over 99.
Maersk and Inmarsat Maritime have signed an agreement to upgrade satellite communications services across the Danish shipping giant's fleet of approximately 340 container ships. The agreement will see bandwidth enhancements rolled out across Maersk’s entire fleet of owned container ships between 2025 and 2026.
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