Greater ChinaPorts and Logistics

COSCO and China Merchants tipped to bid for stake in Hutchison Ports

Photo of Sam Chambers Sam ChambersMarch 14, 2023
4,602 Less than a minute
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The mix of the global container terminal operators is ready for a shake-up with multiple sources, including Reuters and Bloomberg, reporting PSA International is looking to sell its 20% stake in Hutchison Ports.

PSA bought the stake in 2006 and is understood to be looking for around $4bn to offload it this year, with Bloomberg suggesting China’s state-backed top two port operators, COSCO and China Merchants, have both expressed interest in acquiring the Hutchison stake.

PSA is the world’s largest container terminal operator, with Hutchison ranking in sixth place according to data from UK consultants Drewry.

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Photo of Sam Chambers Sam ChambersMarch 14, 2023
4,602 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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