PSA International considers sale of 20% stake in CK Hutchison ports

Singapore's PSA International is considering selling its 20% stake in CK Hutchison's ports business, a move aligned with CK Hutchison's ongoing plan to divest its 80% holding to a BlackRock-led consortium. The ports business, valued at $14.2 billion, includes two strategic locations along the Panama Canal and encompasses 43 ports in 23 countries, though ports in Hong Kong and mainland China are not part of the deal. This potential sale has drawn international attention, with U.S. President Donald Trump calling it a 'reclaiming' of the canal, while Chinese state media have criticized it as a betrayal of China's interests, leading to an antitrust review by China's regulator. PSA's final decision to sell will depend on the outcome of CK Hutchison's exclusive negotiations with BlackRock, which are set to last 145 days. PSA previously considered selling its stake but paused those plans amid weaker global shipping activity. Outside of this stake, PSA operates 70 terminals in 45 countries, including major ports in Singapore and Belgium.