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View all search resultsCK Hutchison said on Monday it was in talks with a consortium pursuing its US$22.8 billion ports business to add a Chinese "major strategic investor" to the bid, after Beijing flagged a probe into the deal amid heightened Sino-US tension.
The four-year project, worth around 8.5 million euro, aims to improve capacity on safety and incident management in 12 seaports in Asia, including Tanjung Priok in Jakarta and Tanjung Perak in Semarang.
Long lines of container ships queued up outside major US ports on Thursday as the biggest dockworker strike in nearly half a century entered its third day preventing unloading and threatening shortages of everything from bananas to auto parts.
President Joe Biden’s administration heaped pressure on US port employers to raise their offer to secure a labor deal with dockworkers on strike for a second day on Wednesday, choking half the country’s ocean shipping.
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