US EditionChina threatens to block Panama ports deal unless its shipping giant gets stake, WSJ reports
PANAMA, JUL 17 – China demands Cosco be an equal partner in the $23 billion ports deal to maintain strategic influence amid U.S. efforts to curb Chinese control over the Panama Canal.
- On Thursday, China threatened to block the sale of over 40 Hutchison ports, demanding Cosco’s inclusion, two of which serve the Panama Canal.
- Months of U.S. pressure and strategic pivot drove Panama and Hutchison into the $20 billion sale, countering China’s expanding influence.
- Chinese authorities warned BlackRock, MSC and Hutchison of a sale block without Cosco, under an exclusivity period ending July 27, positioning MSC as the top terminal operator.
- Panama has threatened to review the concession, while Chinese state firms froze dealings, as President Donald Trump argued the U.S. must 'take back' the waterway.
- Control of the canal gives China significant leverage over global trade flows, as analysts say the outcome will shape global trade dynamics and economic power, with Beijing asserting influence.
16 Articles
16 Articles
China Demands Its Shipping Giant Join Western-Led Panama Ports Deal - 🔔 The Liberty Daily
(ZeroHedge)—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 Bl…
Report: China Demands Role for Cosco in Deal to Sell Hutchison’s Port Ops
Chinese officials have reportedly set an ultimatum for the approval of the sale agreement between CK Hutchison, BlackRock, and MSC’s Terminal Investments (TiL) for the Hong Kong company’s global port operations. According to a story in The Wall Street Journal, China has privately told the companies that Cosco must have a role in the deal, or it will move to block the transaction. Rumors that China was seeking a role for Cosco in the deal have be…
China threatens to squash Panama ports deal unless its shipping giant gets an equal stake: report
China has threatened to block a deal for dozens of global ports – including two near the Panama canal – if its own shipping giant doesn’t get a sizable stake, according to a report Thursday.
China threatens to block the sale of more than 40 ports, owned by Hong Kong-based CK Hutchison, to BlackRock and Mediterranean Shipping Company (MSC) if Chinese shipping company Cosco does not get a stake, reported on Thursday the Wall Street Journal, citing anonymous sources. Reuters could not immediately verify the WSJ report. CK Hutchison, MSC, BlackRock and Cosco did not respond immediately to Reuters requests for comments, while the Chinese…
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