The $23 billion deal, announced by Hong Kong-based CK Hutchison Holdings, transfers control of the Balboa and Cristobal ports ...
The Panama Canal was built by the U.S. between 1904 and 1914. It serves as a shortcut between the Pacific Ocean and the Caribbean, dramatically shortening shipping routes from Asia to ports in ...
The agreement will give a BlackRock consortium a majority stake in two terminal ports. Trump has said he wants the trade ...
A cargo ship sails through the Panama Canal, in Panama City, June 13, 2024. (AP Photo/Matias Delacroix, File) U.S. Secretary ...
Through the Chinese government's Belt and Road Initiative, Chinese companies acquired or built major port facilities in 129 ...
BlackRock, the world’s largest asset manager with a portfolio of investments valued at $11.5 trillion, has agreed to purchase majority stakes in ports on both sides of the Panama Canal from Hong ...
The potential impact of Trump’s tariffs could also adjust shipping routes or the actual method of transportation.
Decision by Hong Kong-based conglomerate comes as US president pushes for greater control of critical trade route over ...
While Donald Trump has declared that the US will take back the Panama Canal, analysts question whether America could actually ...
With the dry canal proposal in place, India could gain significant advantages: reduced shipping times, cost savings & ...
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