Some shipping companies are discreetly moving operations out of Hong Kong and taking vessels off its flag registry. Others are making contingency plans to do so. Behind these low-profile moves, six shipping executives said,
A Hong Kong-based conglomerate has agreed to sell its controlling stake in a subsidiary that operates ports near the Panama Canal to a consortium including BlackRock Inc., effectively putting the port
China’s presence in Panama has expanded rapidly, sparking fears in Washington. But Panama has already started shifting its allegiances and announced the transfer of major container ports to a US-led consortium.
The Hong Kong stock market has shown an 11% total return over the past 14 months, driven mainly by dividends, despite a modest 6.5% share price increase.
(Reuters) - Hong Kong's CK Hutchison Holdings said on Tuesday a consortium including BlackRock Inc would buy an 80% stake in Hutchison Ports Group for an equity value of $14.21 billion.
Despite an influx of Chinese-operated ships onto Hong Kong’s registry, the number of oceangoing vessels flagged in the city fell more than 8 per cent to 2,366 in January from 2,580 four years earlier, according to independent analysis by VesselsValue. Government data show a similar drop.
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