Panama Canal Plans Sale of New Ports to Bring in Competition Ahead of BlackRock Deal

Panama Canal Puts Port Rights Up for Sale in Bid to Foster Carrier Competition

The Panama Canal Authority plans to sell two yet-to-be-built ports as concerns grow of widening influence from reported Hutchison ports suitors MSC and Cosco.

Panama Canal chief invites more competition among port operators - The Loadstar

In an indication that it is not happy with the present level of competition, the Panama Canal Authority (ACP) is planning to sell the rights to two ports awaiting construction, as it seeks to dilute the looming power of Cosco and MSC on the waterway. And with half-year results showing surging volumes through its old and new locks – suggesting it is again approaching full-capacity after last year’s drought-induced shortfall – ... The post Panama …

Panama Canal Plans Sale of New Ports to Bring in Competition Ahead of BlackRock Deal

The canal’s administrator wants more players running ports to dilute the influence of BlackRock partner Mediterranean Shipping Co. and, potentially, China’s Cosco.