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14.08.25 - 19:33
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No Panama Port Deal For CK Hutchison And BlackRock This Year (ZeroHedge)
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No Panama Port Deal For CK Hutchison And BlackRock This Year
The $19 billion sale of CK Hutchison's 43 global ports, including two strategically vital ports on the Panama Canal (Balboa and Cristóbal terminals), to a BlackRock-led consortium is far from completion, mired in the crossfire of US-China trade and geopolitical tensions.
CK Hutchison co-managing director Frank Sixt told Wall Street analysts during its interim earnings results earlier today that the deal's complexity means it likely won't be completed this year, especially after China demanded earlier this summer that its largest shipping company, Cosco, be included in the Western-investor deal.
"We are in a new stage of our deal and that includes, as we have said, discussions with a major strategic Chinese investor," Sixt said.
He continued, "I believe that there is a reasonable chance that those discussions will lead to a deal that is good for all of the parties, ourselves included, and most importantly,...
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07.08.25 - 21:12
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US envoy calls for barring Chinese-linked operators from key Panama Canal ports (SCMP)
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The US ambassador to Panama on Wednesday called for the removal of Chinese-linked operators from key Panama Canal ports, sharpening Washington's campaign to curb Beijing's influence over Latin American strategic infrastructure.
Speaking during a visit to Colón, Kevin Marino Cabrera criticised Panama Ports Company, a subsidiary of Hong Kong-based CK Hutchison, and said Washington supported efforts to replace it.
“Our position is that they are a bad operator. They have not done a good job,”......
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29.07.25 - 19:36
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Panama logs over 160 actions in ports investigation amid US-China canal dispute (SCMP)
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Panama's chief prosecutor said on Tuesday that more than 160 actions have been taken so far in a high-profile investigation into alleged wrongdoing by Panama Ports Company, the unit of Hong Kong's CK Hutchison Holdings that operates two Panama Canal ports, as the country finds itself in the crosshairs of a deepening power struggle between the US and China.
Attorney General Luis Carlos Gómez said that prosecutors are conducting interviews, issuing special requests and deploying investigative......
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17.07.25 - 19:06
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China Demands Its Shipping Giant Join Western-Led Panama Ports Deal (ZeroHedge)
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China Demands Its Shipping Giant Join Western-Led Panama Ports Deal
A new report from the Wall Street Journal suggests that President Trump may be growing concerned—or is already alarmed—by this new development: Beijing is now demanding that China's largest shipping company, Cosco, be included in the Western-investor deal to purchase ports from Hong Kong–based CK Hutchison.
The future of CK Hutchison's deal to sell two Panama ports—the Balboa and Cristóbal terminals (40 other ports worldwide)—to a BlackRock-led consortium is becoming increasingly complex with Beijing pushing for Cosco to join the group of investors...
Here's more from the report:
China is pushing for state-owned Cosco to be an equal partner and shareholder of the ports with BlackRock and Mediterranean Shipping Co., a containership operator, according to people familiar with the deal talks. BlackRock and MSC in March reached a preliminary agreement to buy the ports in a deal valued at nearly $23 billion.
Now, B...
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09.04.25 - 10:48
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More Legal Landmines For CK Hutchison–BlackRock Panama Port Deal (ZeroHedge)
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More Legal Landmines For CK Hutchison–BlackRock Panama Port Deal
The future of CK Hutchison's deal to sell two Panama ports—the Balboa and Cristóbal terminals—to a BlackRock-led consortium is in dire straits after Panama's top auditor revealed widespread contractual breaches and claimed the port operator owes the country hundreds of millions of dollars, reported Bloomberg. This comes shortly after Beijing launched an antitrust probe into the deal while trade war tensions between Washington and China intensified. At its core, the port sale revolves around President Trump's push to secure hemispheric defense by terminating Chinese control from critical parts of the canal.
On Monday, Panama's Comptroller General, Anel Flores, told reporters that CK Hutchison's Panama Ports Company's (PPC) 2021 renewal of a 25-year port concession was plagued with procedural breaches.
Flores said PPC used tax breaks to evade $850 million in taxes out of the $1.3 billion owed over the first 25 years ...
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