A Hong Kong-based company has announced plans to sell a controlling stake in a business operating two major ports on the Panama Canal to a consortium of investors led by an American multinational.
The deal comes amid mounting pressure from US President Donald Trump over alleged Chinese influence on the crucial waterway. A Hong Kong-based logistics giant has agreed to sell a 90% stake in its business amid Donald Trump’s vows to take back the canal.
Addressing a special joint session of the two chambers of the US Congress on Tuesday, the US president claimed he is making a successful diplomatic push to reclaim the Panama Canal, which he describes as a vital infrastructure project created by the USA for Americans.
Asian logistics giant CK Hutchison Holdings will sell a 90% interest in Panama Ports Company to a consortium that includes US investment holding BlackRock.
BlackRock its subsidiary Global Infrastructure Partners, and Geneva-based container terminals major Terminal Investment, are getting involved according to a joint statement issued by CK Hutchison and BlackRock on Tuesday.
Panama Ports Company holds the contract to run the ports of Balboa and Cristobal, located at the Pacific and Atlantic entrances of the canal respectively, until 2047.
The deal also covers the sale of an 80% stake of CK Hutchison’s ports subsidiaries operating 43 ports across 23 countries, including in the Britain, Germany, Mexico, Australia, Argentina, and South Korea.
According to the statement, the agreement, valued at nearly $23 billion, including $5 billion in debt, does not have any interest in a trust that operates ports in Hong Kong, Shenzhen and South China, or any other ports in China.
Shares of CK Hutchison, the market capitalization of which amounts to HK$148 billion ($19 billion) soared 22% in morning trading in Hong Kong on Wednesday.
Trump has repeatedly threatened to take back control of the Panama Canal, citing ridiculous fees and concerns over China’s growing influence around the waterway, which was built by the USA in the early 20th century and handed over to Panama in 1999.
In February, Panamanian President Jose Raul Mulino made a concession to Washington by refusing to renew the country’s 2017 agreements with China under Beijing’s Belt and Road Initiative.
RT. com / ABC Flash Point News 2025.
So, the US will take the Panama Canal because the US built it, on foreign territory. Russia and the Russians built everything that Ukraine has, on THEIR territory, Russian territory, in the Russian state.
According to American logic, they have the right to the Panama Canal, but the Russians don’t have the right to their people and territories in Ukraine?
The transaction must be conducted in certified metal gold and silver, not in junk fiat dollars or just numbers in the computer’s memory. Don’t forget the fraud case of JP Morgan and Deutsche Bank that sent gold plated Tungsten bars to China.
Reclaiming the Panama Canal, the end of wokism, flag on Mars: Highlights from Trump’s keynote speech to Congress. I never believe that Apollo landed to the moon… The USA was trying to compete with Russia.. Russians excell in arts, sports and space you name it! The US is bullying Panama …they built Panama canal for their benefits not for Panamanian people….US politicians will create bad propaganda against leaders who will stop them … Look what happened to Saddam and Gaddafi who wasn’t afraid of the US he was killed, Noriega, Marcos etc … No country leaders will have any say… Read more »
It is unfortunate that there is so much vitriol over Elon Musk’s and DOGE’s efforts to find the assets and liabilities of the US. Most of this is coming from US Democrats who complain of some theoretical invasion of privacy on the part of someone’s theoretical grandmother. US residents, who have wanted to see the balance sheet for more than 1⁄2 a century ask, Does someone have something to hide? Especially because these theoretical grandmothers would also like to see the balance sheet and are now more wise than ever to the corrupt scare tactics of one particular political party.… Read more »
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