Showing posts with label Hutchison Ports. Show all posts
Showing posts with label Hutchison Ports. Show all posts

Friday, November 3, 2023

China's Interest in Egyptian Ports and the Suez Canal

 The Middle East Institue published on 3 November 2023 an analysis titled "China's Growing Maritime Presence in Egypt's Ports and the Suez Canal" by Amr Salah Mohamed.

China is an increasingly important presence in Egypt's strategic ports and the Suez Canal.  The author warns that Egypt must weigh the potential downsides.  Egypt's financial vulnerability, relatively weak bargaining position vis-a-vis China, and the risk of domination all require attention.  

Friday, June 16, 2023

China's Port Power

 Foreign Affairs published on 22 May 2023 an article titled "China's Port Power" by Isaac Kardon, Carnegie Endowment for International Peace, and Wendy Leutert, Indiana University.

Chinese firms with close links to Beijing have become leaders in financing, designing, building, operating, and owning port terminals around the world, including Africa.  Although China has only one foreign military base--in Djibouti--, it can leverage dual civilian-military  uses of Chinese firms' extensive international network of ocean port infrastructure.  

By the end of 2022, Chinese firms had acquired ownership and/or operational stakes in 95 ports in 53 countries.  A Chinese firm is the majority shareholder in at least one terminal at 55 of the 95 ports and 24 of them are wholly owned.  Chinese firms operate all terminals in 29 of these ports, for example, in Hambantota, Sri Lanka, and in Kribi, Cameroon.

China has demonstrated that the familiar American model of power projection through overseas military bases is not the only pathway to establishing a global military presence.  

Friday, March 24, 2023

Egypt Signs Port Deals with Chinese and European Companies

 Al-Monitor published on 17 March 2023 an article titled "Egypt Signs $1.6 Billion Deals with China, EU Companies to Develop Sea Ports."

The Suez Canal Economic Zone signed an agreement to develop and manage the container terminal in the Sokhna Port in the Red Sea with the Hong Kong-based Hutchison Ports, the French shipping company CMA CGM, and the Chinese state-owned COSCO Shipping.

The Zone authority signed a second agreement to develop the Dekheila Port near Alexandria on the Mediterranean with Hutchison Ports and Switzerland-based Mediterranean Shipping Company.