Hong Kong billionaire to sell Panama Canal ports to US firm

[Halcyon66]

Hong Kong billionaire to sell Panama Canal ports to US firm

BlackRock will buy two ports after Trump's interest in taking back control of the key shipping route.

www.bbc.com

https://www.reuters.com/markets/deals/ck-hutchison-sell-80-stake-hutchison-ports-group-1777-billion-deal-2025-03-04/

Regards,

 

[publiusr]

Phooey

 

[Justo Miranda]

First they sell the channel for a dollar and now they want to buy it?

Only respect for the dead prevents me from saying what I think

Milestones in the History of U.S. Foreign Relations - Office of the Historian

history.state.gov 3.0 shell

history.state.gov

 

[Halcyon66]

The actual valuation was much lower, so CK Hutchison was not forced to sell it. they took the money and ran.

Breaking Down Black Rock's Deal to 'Reclaim' the Panama Canal

U.S. President Donald Trump has hailed a deal led by U.S. firm BlackRock to buy most of the $22.8 billion ports business of Hong…

www.marinelink.com

Was actually a great way to get out of the asset, as recent droughts never ending maintenance have increased operating costs considerably.

Blackrock will probably be putting up passage rates pretty quickly which will just add to landed cost of goods.

Yet there is a point whereas waiting times, crossing times and cost get too high and larger vessels can just go around the Cape for the same money.

Regards,

 

[Sferrin]

The actual valuation was much lower, so CK Hutchison was not forced to sell it. they took the money and ran.

Breaking Down Black Rock's Deal to 'Reclaim' the Panama Canal

U.S. President Donald Trump has hailed a deal led by U.S. firm BlackRock to buy most of the $22.8 billion ports business of Hong…

www.marinelink.com

Was actually a great way to get out of the asset, as recent droughts never ending maintenance have increased operating costs considerably.

Blackrock will probably be putting up passage rates pretty quickly which will just add to landed cost of goods.

Yet there is a point whereas waiting times, crossing times and cost get too high and larger vessels can just go around the Cape for the same money.

Regards,

"We didn't really want it. And it sucks anyway."

 

[Sferrin]

First they sell the channel for a dollar and now they want to buy it?

Only respect for the dead prevents me from saying what I think

Milestones in the History of U.S. Foreign Relations - Office of the Historian

history.state.gov 3.0 shell

history.state.gov

Should have just said, "here's your dollar back".

 

[Halcyon66]

https://edition.cnn.com/2025/03/18/business/hong-kong-ck-hutchison-panama-ports-sale-hnk-intl/index.html?iid=cnn_buildContentRecirc_end_recirc

Maybe they are not getting it after all?

Regards,

 

[martinbayer]

Relax, people - potential alternatives exist: https://www.globaltrademag.com/do-viable-alternatives-to-the-panama-canal-exist/

 

[Halcyon66]

Maybe not....................

Billion-dollar U.S. levies on Chinese ships risk ‘trade apocalypse’

The levies could theoretically generate between $40 billion and $52 billion for U.S. coffers.

www.japantimes.co.jp

Regards,

 

[Halcyon66]

Getting messy now.................

https://www.reuters.com/world/americas/panamas-comptroller-office-sue-over-renewal-ck-hutchison-contract-2025-04-07/

https://www.ft.com/content/9316b76f-06c0-4588-9681-91355517a79f

Regards,