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
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.
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
China's top market regulator said on Sunday it was paying close attention to CK Hutchison's planned sale of most of its port operations to a BlackRock-led consortium and parties to the deal should not try to avoid an antitrust review.The sale by the Hong Kong conglomerate, which contains two ports along the strategically important Panama Canal, has become highly politicised amid intensifying U.S.
Singapore's PSA International is exploring the sale of its 20% stake in CK Hutchison's ports business, two people with knowledge of the matter said, joining the Hong Kong conglomerate in its controversial plans to sell.Tycoon Li Ka-shing's CK Hutchison announced last month it would sell its 80% holding in the business which includes two ports along the strategically important Panama Canal to a