Analysis: Hong Kong port – you can't beat 'em, so join 'em
Beijing rules
State-owned enterprises (SOEs) are cumbersome beasts at the best of times. Chinese SOEs are more cumbersome than most, and this is not the best of times. The ongoing discussions of a merger between China Shipping and COSCO demonstrate the structural difficulties facing government officials and company executives as they seek to complete the deal. Beijing’s ambition is that the “newly consolidated companies would then be organised as holding companies instead of government agencies, with their primary focus on maximising profitability and getting more private funding such as through IPOs”. But this is easier said than done while both carriers continue to have large numbers of minority investors.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Hong Kong drops out of world's top 10 busiest container ports
'Slow season' and ocean network stabilisation easing pressure on rates
Bottlenecks and price hikes as airlines now avoid Iran airspace
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article