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 ...
Better Blackrock than the Chi Coms. Sad but true.
Why are those our only choices?
Just guessing, but perhaps the author should have said ‘non-China assets’ rather than ‘non-Chinese assets’. In other words; Chinese assets not located in China.
Maybe there’s leverage that Trump has over Blackrock, and even China, thanks to any connections both have with the Swamp.
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