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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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12.08.25 - 21:36
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Panama Is Heading for a Comeback (Bloomberg)
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Bloomberg Opinion columnist JP Spinetto traveled to the Panama Canal to see what's at stake in the unexpected fight for its control between the US and China. (Source: Bloomberg)...
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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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01.08.25 - 07:30
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Panama files lawsuits against owner of ports at centre of US-China struggle (The Guardian)
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Comptroller general lodged two cases in country's supreme court after failed attempt to sell to consortiumPanama's comptroller general has lodged two cases with the country's supreme court against the owners of two ports at the centre of a geopolitical struggle between the US and China, in a move likely to be seen as a victory for Donald Trump in his attempt to rid the Panama canal of Chinese influence.The decision follows a failed attempt to sell the ports to a consortium headed by the US investment fund BlackRock and Swiss shipping firm MSC. Continue reading......
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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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