According to Reuters, PSA International Port Group, wholly owned by Singapore’s sovereign fund Temasek, is considering selling its 20% stake in the port business of CK Hutchison Holdings Limited (“CK Hutchison”, 0001.HK). PSA has been the number one container terminal operator in the world for many years. Hutchison Ports, 80% of which is held by CKH Holdings, is also a giant in the industry. In 2006, PSA spent US$4.4 billion to acquire 20% of Hutchison Ports from Hutchison Whampoa, the predecessor of CKH Holdings. equity.

At present, Temasek, CK Hutchison, and PSA all declined to comment to Reuters. Sources said that PSA’s move is to review its global investment portfolio in the context of the global shipping industry downturn. approve. Although the value of Hutchison Port’s 20% stake is still immeasurable, if the transaction finally lands, it will be Temasek’s largest sale in recent years.

In 2021, the container throughput of PSA will be 63.4 million TEUs (approximately 7.76 million TEUs after excluding the 20% equity interest in Hutchison Port, which is about 55.6 million TEUs), ranking first in the world, and the second to fifth places are Maersk Terminals ( APM Terminals) 50.4 million TEUs, COSCO SHIPPING Ports 49 million TEUs, China Merchants Port 48 million TEUs, DP World 47.9 million TEUs, and Hutchison Port 47 million TEUs. From Maersk to DP World, any company that takes over will surpass PSA in terms of equity throughput and become the world’s largest container terminal operator.

Hutchison Ports is one of the most international terminal operators, operating terminals in 26 countries around the world, and owns terminal assets in several gateway ports, such as Rotterdam Port, Felixstowe Port, Yantian Port, etc. Recently, it has also continued to increase investment Existing assets and developing greenfield terminals, especially focusing on cooperation with other large terminal operators, such as cooperating with TiL to expand and operate a new automated terminal in the Port of Rotterdam, cooperating with CMA CGM, COSCO Shipping Ports, and TiL to invest in terminals in Egypt, and Or sign a memorandum of cooperation with AD Ports to invest in Tanzania.