CK Hutchison's plan to sell most of its $22.8 billion ports business is unlikely to be finalised anytime soon, with political ...

A cargo ship transits through Panama Canal Cocoli locks in Panama City on February 21, 2025. Getty Images. The $23 billion sale provides the Hong Kong-based conglomerate with nearly $19 billion in ...

T wo ports, one at either end of the Panama canal, have become a battlefront in the power struggle between China and America.

By Alek Buttermann CK Hutchison’s $22.8bn plan to divest most of its global ports business is facing significant delays, with ...

President Donald Trump cited BlackRock’s Tuesday deal to acquire Panama Canal ports as part of his administration’s broader effort to “reclaim” the crucial waterway.

BlackRock’s group of investors is buying two Panama Canal ports, Balboa and Cristobal, and various companies owned by CK Hutchison that control 43 ports in 23 countries worldwide.

Importantly, the Panama Canal has more than 12,000 ships travel through each year, and of those ships 70% are coming from or going to U.S. ports.

BlackRock strikes deal to bring ports on both sides of Panama Canal under American control A cargo ship goes through the Panama Canal’s Cocoli locks in Panama City, Friday, Feb. 21, 2025.

The proposed sale includes two ports at the Panama Canal and more than 40 others around the world, all owned by Hong ...

Negotiations for the deal, which covers 43 ports in 23 countries, are on an exclusive basis between CK Hutchison, controlled ...

During his joint address to Congress on Monday, President Donald Trump declared victory over the BlackRock-led acquisition of two key ports along the Panama Canal, marking a significant shift in ...

President Donald Trump cited BlackRock's deal to acquire Panama Canal ports, announced Tuesday, as an early step in his administration's broader effort to "reclaim" the crucial waterway.