In a historic deal, shipping line MSC acquired 80% of Hutchison Ports Holding, owned by CK Hutchison, through the BlackRock-TiL alliance. The deal also includes the sale of a 90% stake in Panama Ports, which manages the Port of Balboa and the Port of Cristobal—two key gateways to the Panama Canal.
This move comes amid Trump's remarks criticizing Chinese influence over the management of the Panama Canal, adding a geopolitical dimension to the transaction in the context of global competition in the maritime shipping sector.
According to Drewry's ratings, Hutchison Ports operates 43 container terminals outside China and Hong Kong, with a total capacity exceeding 73 million TEUs, while MSC’s current portfolio handled over 70 million TEUs in 2023, further solidifying its position as the world's largest ocean carrier and container terminal operator.
This move comes amid Trump's remarks criticizing Chinese influence over the management of the Panama Canal, adding a geopolitical dimension to the transaction in the context of global competition in the maritime shipping sector.
According to Drewry's ratings, Hutchison Ports operates 43 container terminals outside China and Hong Kong, with a total capacity exceeding 73 million TEUs, while MSC’s current portfolio handled over 70 million TEUs in 2023, further solidifying its position as the world's largest ocean carrier and container terminal operator.
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