Happy Monday! Welcome back to another week of ESC News Blog!
Well, we blogged on the Panama
Canal and its ports of Balboa and Christobal back in early March on a monumental
moment. Well, it appears there may be a proverbial,
“fly in the ointment” moment happening now!
Did anyone see the gCaptain Daily Newsletter March 29, 2025, they reprinted an article from Reuters titled, “China Halts Panama Port Sale to BlackRock”? In the article, it speaks on how the international company of CK Hutchingson Holdings who had accepted an offer from the BlackRock group to purchase the controlling interest from Hutchingson Port Holdings and Hutchingson Port Group Holdings who manages 43 ports in 23 countries, including Panama’s ports of Balboa and Christobal, as well as ports in Mexico, the Netherlands, Egypt, Australia, Pakistan, as well as others. The deal has been put on hold! In recent weeks, China has been vocal in its opposition of the selling of the ports to the BlackRock group which includes BlackRock, Inc. as well as BlackRock ancillary Global Infrastructure Partners and Terminal Investment Limited. The deal needed the approval of Panama, China and the U.S. while the U.S. and Panama appeared to be pleased with the $23 billion deal which was set to be signed April 2, it appears to be on hold for now. We are in a wait and see moment! If we hear any other news which effects the Panama Canal or its Ports, we will surely post the information. If you would like to read more of the gCaptain’s article, please click the link: China Halts Panama Port Sale to BlackRock.
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information!
We hope you have a wonderful evening and a great week!
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