Posted on 03/06/2025 4:53:14 AM PST by Strict9
In a blockbuster deal that could shift the balance of power in global port operations, a consortium of U.S. private equity firm BlackRock and MSC of Geneva has agreed to purchase the non-Chinese assets of Hong Kong-based subsidiary Hutchison Port Holdings, including terminals at the ports of Balboa and Cristobal in Panama.
The news follows disputed claims by President Donald Trump that the Chinese military was controlling the Panama Canal, and that American vessels were being cheated on transit tolls. Trump also threatened U.S. action to wrest control of the waterway, a key route for military and merchant vessels between
(Excerpt) Read more at freightwaves.com ...
Yay, Blackrock! Our saviors! We’re in good hands now.
Yay, Blackrock! Our saviors! We’re in good hands now.
I still prefer them over the chinamen.
Larry Fink, the head of Blackrock, and Trump are very good friends....have been....for years.
The thing I like about Larry Fink is that he didn’t engineer a virus to kill millions of people worldwide.
vs
BlackRock and MSC of Geneva has agreed to purchase the non-Chinese assets of Hong Kong-based subsidiary Hutchison Port Holdings
Can someone explain the dichotomy? It's either author idiocy or some type of gaslighting on a topic of which I'm admittedly ignorant (and too busy to investigate).
I’m not sure what Blackrock’s strategy is in this, but for MSC transit charges for freight and cruise ships through the canal has to be one of their largest expenses. Having some control over that, and/or payback for it, has to be a smart move.
I’m going to say it’s a step in the right direction because you should have exactly zero to do with the Chinese. Decouple.
“I still prefer them over the chinamen.”
BlackRock owns China.
“I’m not sure what Blackrock’s strategy is in this”
BlackRock is the investment firm for Hong Kong-based subsidiary Hutchison Port Holdings. So they are literally buying it from themselves.
Or it may be like the old saying (updated for dollars: “Owe the bank $100K and they own you; owe the bank $1B and you own them.”
“BlackRock and MSC of Geneva has agreed to purchase the non-Chinese assets of Hong Kong-based subsidiary Hutchison Port Holdings”
Exactly. How did China sell the terminals when we purchased “non-Chinese assets”
There was no deadly, spreading “virus”. Do a little background research, maybe starting here:
https://denisrancourt.ca/entries.php?id=130&name=2023_06_22_there_was_no_pandemic_essay
It ‘could’ be that it was a chinese broker...
...but that’s a stretch, ya know?
Later in the article:
“BlackRock’s (NYSE: BLK) Global Infrastructure Partners unit partnered on the $22.8 billion deal with Terminal Investment Limited (TiL), backed by MSC, the world’s largest ocean container line. It does not include HPH port properties in Hong Kong or China.”
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