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.
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.
Later this month Kawasaki Kisen Kaisha, Ltd. (“K” LINE) will conduct a trial of Inmarsat Maritime's new bonded network service NexusWave on “K” LINE's fleet. “In recent years, there has been an increase in data transmission to enhance safety and quality. As such, we require connectivity services that are fast, reliable and global.
Mobile satellite communications provider Inmarsat, a Visata company, has launched NexusWave, a fully managed connectivity service designed to improve maritime communications and global coverage at sea.NexusWave is underpinned by a bonded multi-dimensional network, offering high-speed connectivity, unlimited data, global coverage, and ‘secure by design’ infrastructure, according to Inmarsat.
Inmarsat Maritime, a Viasat company, appointed Pulsar International as the first reseller partner for NexusWave in the Mediterranean market. The agreement will also enable Pulsar to act as a regional installation partner. Pulsar will be offering its customers round-the-clock first-line support in the local language.
Iridium Communications Inc. announced the service launch of Iridium Certus GMDSS, a generational advancement in maritime satellite communication safety services.Iridium Certus GMDSS, the only truly global GMDSS service available, features distress alert, safety voice, and Maritime Safety Information (MSI); includes additional regulated services like Long Range Identification and Tracking (LRIT)
SeaTac Marine Services announced it has completed an ocean transit move of 110 housing modules in support of HomeAid Hawaii and their partners for the Ka La’i Ola development in Lahaina, Hawaii.The homes are part of more than 400 that will help facilitate permanent housing for survivors of the August 2023 Lahaina Fire.
The UK Marine Accident Investigation Branch (MAIB) has released Accident Investigation Report 6/2024 into the jetty contact by the tanker Ali Ka.The Malta registered oil and chemical tanker made contact with the westernmost section of Oikos Jetty 2 at Canvey Island on the River Thames, England at 0436 on October 25, 2022.
Telesat (NASDAQ and TSX: TSAT) and Intellian announced a contract award for Intellian to design and manufacture Ka-band flat panel User Terminals for the Telesat Lightspeed Low Earth Orbit (LEO) constellation.Under this agreement, fully optimized Ka-band LEO flat panels for the Telesat Lightspeed network are being designed and manufactured to deliver high-speed throughput for markets including