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China Among Bidders for New Panama Canal Ports: Reports
Panama seeks $8.5 billion from global investors including China to expand canal port capacity and build infrastructure, with contract awards planned for late 2026.
- On Tuesday, Ricaurte Vasquez said China is among parties interested in bidding to build two new ports, and Panama will seek `the broadest possible competition` with all bidders on equal footing.
- Panama is seeking investment over the next decade to expand port capacity and fund a gas pipeline and new reservoir, while a March deal to transfer ports to a US-led BlackRock consortium remains unfinished.
- The Panama Canal Authority has begun meetings with bidders, including Cosco Shipping Ports, OOCL, PSA International, Evergreen, Hapag-Lloyd, Maersk, and CMA Terminals.
- Ricaurte Vasquez, Panama Canal administrator, declined to speculate on tensions with the United States after US President Donald Trump alleged China controls the canal via Hong Kong-based CK Hutchison Holdings at Cristobal and Balboa.
- The 80-kilometer Panama Canal spans strategic global trade, carrying five percent of the world's maritime trade, while Panama's five main ports lie adjacent and are run by diverse foreign concessionaires.
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China likely to bid on building new Panama Canal ports
China is among parties interested in bidding to build two new ports on the Panama Canal, its administrator said Tuesday, despite US talk of retaking control of the vital trade route. US President Donald Trump made the threat earlier this year, alleging that China controls the strategic waterway because Hong Kong-based CK Hutchison Holdings operates
Coverage Details
Total News Sources18
Leaning Left2Leaning Right2Center4Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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