The proposed sale of Hutchinson’s international port operations — including the Port of Felixstowe — has reached a stalemate, according to recent press reports. The deal, involving a consortium led by BlackRock and MSC’s Terminal Investment Limited, has reportedly been hindered by China’s insistence that its state-owned shipping company, COSCO, hold a majority stake. BlackRock and MSC are said to have rejected this demand, preventing further progress. 

February 2026.