BlackRock strikes deal to bring Panama Canal ports under American control

In a filing, CK Hutchison Holding said on Tuesday that it would sell all shares in Hutchison Port Holdings and all shares in Hutchison Port Group Holdings

A cargo ship goes through the Panama Canal. pICTURE: Matias Delacroix/AP

Tue, 04 Mar, 2025 - 16:56

Didi Tang, Associated Press

The Hong Kong-based conglomerate that operates ports near the Panama Canal has agreed to sell shares of its units that operate the ports to a consortium including BlackRock Inc, after President Donald Trump alleged Chinese interference with the operations of the shipping lane.

In a filing, CK Hutchison Holding said on Tuesday that it would sell all shares in Hutchison Port Holdings and all shares in Hutchison Port Group Holdings.