{"id":2409585,"date":"2025-03-04T15:11:02","date_gmt":"2025-03-04T20:11:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/blackrock-to-take-over-hong-kong-owned-ports-in-panama-canal-in-23-billion-deal-washington-examiner\/"},"modified":"2025-03-04T15:15:57","modified_gmt":"2025-03-04T20:15:57","slug":"blackrock-to-take-over-hong-kong-owned-ports-in-panama-canal-in-23-billion-deal-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/blackrock-to-take-over-hong-kong-owned-ports-in-panama-canal-in-23-billion-deal-washington-examiner\/","title":{"rendered":"BlackRock to take over Hong Kong-owned ports in Panama Canal in $23 billion deal &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fblackrock-to-take-over-hong-kong-owned-ports-in-panama-canal-in-23-billion-deal-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2409585&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>on March 4,\u200c 2025, it was\u200d announced that BlackRock, the\u200c world&#8217;s <a href=\"https:\/\/amzn.to\/3YuVZYV\">largest\u2062 asset management firm<\/a>, will lead a consortium to acquire the \u200bPanama Ports Company \u200cfrom the Hong Kong conglomerate CK Hutchison Holdings in a ample \u200c$23 billion deal. This acquisition includes control over the crucial ports of \u200cBalboa and Cristobal,\u2064 strategically located along the Panama Canal.The move is seen as significant amidst escalating pressures from the\u2062 Trump management to diminish Chinese influence in the region.<\/p>\n<p>The\u2063 deal follows a series\u2063 of political \u2064maneuvers, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-doj-slow-walks-slam-dunk-case-against-man-who-allegedly-tried-to-kill-justice-kavanaugh-baffling-experts\/\" title=\"Biden&#039;s Department of Justice Delays Case Against Man Accused of Trying to Kill Justice Kavanaugh, Leaving Experts Baffled\">including statements made<\/a> by U.S. officials such as Secretary of State Marco Rubio and Senator Ted Cruz, who have \u2062expressed\u200b concerns that the existing Chinese-controlled operations at\u2062 these ports\u2063 represent \u200d<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/we-got-it-newsmax-reporter-emerald-robinson-national-security-source-confirms-a-piece-of-hardware-has-been-secured-in-germany\/\" title=\"We Got It! - Newsmax Reporter Emerald Robinson: National Security Source Confirms &quot;A Piece of Hardware Has Been Secured&quot; in Germany\">national security<\/a> risks. In \u200dlight of\u200c these\u200b developments, \u2062Rubio had previously warned Panamanian\u2063 leadership\u2062 that retaining \u200cChinese \u200ccontrol could lead to U.S. retaliation.<\/p>\n<p>As an inevitable \u2063result of the \u2064increasing \u200cscrutiny of Chinese \u2062engagement, Panama has taken \u200bsteps\u200c to lessen its ties with Beijing, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/watch-heroic-female-nypd-cop-carries-wounded-child-to-safety-in-midst-of-times-square-shooting\/\" title=\"WATCH: Heroic Female NYPD Cop Carries Wounded Child To Safety In Midst Of Times Square Shooting\">including ending<\/a> its Belt and Road \u2062Initiative partnership with China after high-level discussions with U.S. representatives. The\u2062 consortium involved in the acquisition includes prominent entities like \u200cGlobal \u200cInfrastructure Partners and Terminal Investment Limited,with plans to oversee a total\u200c of \u200d43 ports\u200b across 23\u2062 countries post-acquisition.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">BlackRock to take over Hong Kong-owned ports in Panama Canal in $23 billion deal<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1981168\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>A <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/hong-kong\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Hong Kong<\/a>-based conglomerate agreed to sell its stake in a subsidiary that operates ports along the <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/panama-canal\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Panama Canal<\/a> to a United States-based firm as the <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/trump-administration\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Trump administration<\/a> ramps up pressure to rid the canal of Chinese influence.<\/p>\n<div class=\"article-paywall\">\n<p>CK Hutchison Holdings, which holds 90% control of the Panama Ports Company, said in a filing that it would sell its shares in two ports, Balboa and Cristobal, to a consortium led by BlackRock, the world&rsquo;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/h-sterling-burnett-esg-advocates-have-unhinged-priorities\/\" title=\"H. Sterling Burnett: ESG Advocates Have Unhinged Priorities\">largest asset management company<\/a>.<\/p>\n<p>Hutchison Port Holdings and Hutchison Port Group Holdings, under the control of CK Hutchison Holdings, hold 80% of the Hutchison Ports group that operates 43 ports in 23 countries.&nbsp;<\/p>\n<p>The consortium consists of BlackRock, Global Infrastructure Partners, and Terminal Investment Limited.<\/p>\n<p>This $23 billion deal came after Secretary of State Marco Rubio&rsquo;s February visit to Panama, during which he <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/national-security\/3308187\/rubio-panama-canal-reduce-chinese-influence-retaliation-trump-administration\/\" target=\"_blank\" rel=\"noopener\" title=\"\">told<\/a> Panamanian President Jose Raul Mulino that the Panama Canal must be rid of Chinese influence or Panama could face retaliation from the Trump administration.&nbsp;<\/p>\n<p>Rubio told Mulino that Panama Ports Company&rsquo;s majority control of a Chinese-linked company violated a 1979 treaty agreement that stipulated the canal would remain neutral.&nbsp;<\/p>\n<p>In January, Sen. Ted Cruz (R-TX) raised concerns that the ports &ldquo;give China ready observation posts,&rdquo; thus giving China the opportunity to exploit or block passage through the canal.<\/p>\n<p>&nbsp;&ldquo;This situation, I believe, posts acute risks for U.S. national security,&rdquo; Cruz said.&nbsp;<\/p>\n<p>President Donald Trump has <a href=\"https:\/\/www.washingtonexaminer.com\/premium\/3312127\/would-trump-really-invade-panama-to-reclaim-the-canal-by-force\/\" target=\"_blank\" rel=\"noopener\" title=\"\">threatened<\/a> to take back the Panama Canal and echoed Cruz&rsquo;s concerns of a threat to U.S. national security.&nbsp;<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/foreign-policy\/3227657\/trump-national-security-picks-loyalty-america-first-pro-israel\/\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>TRUMP NATIONAL SECURITY PICKS: LOYALTY, AMERICA FIRST, AND PRO-ISRAEL<\/strong><\/a><\/p>\n<p>&ldquo;China&rsquo;s running the Panama Canal,&rdquo; Trump said. &ldquo;That was not given to China; that was given to Panama, foolishly. But they violated the agreement, and we&rsquo;re going to take it back, or something very powerful is going to happen.&rdquo;<\/p>\n<p>Mulino said he had no intention of returning control of the Panama Canal to the U.S., but after Rubio&rsquo;s visit to Panama, the nation ended its Belt and Road Initiative with China.&nbsp;<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1981168\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1981168\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock to acquire Hong Kong&#8217;s Panama Canal ports for $23B<\/p>\n","protected":false},"author":2542,"featured_media":2409586,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/03\/Panama-Canal.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[7002,38254,47952],"class_list":["post-2409585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-blackrock","tag-hong-kong","tag-panama-canal"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/03\/Panama-Canal.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2409585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2542"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2409585"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2409585\/revisions"}],"predecessor-version":[{"id":2409593,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2409585\/revisions\/2409593"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2409586"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2409585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2409585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2409585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}