Trump threatens to use military use - control over Panama channel wobbles!

Trump threatens to use military use - control over Panama channel wobbles!

In a trend -setting transaction, the Hong Kong company CK Hutchison Holdings sold the majority at its ports on the Panama Canal to a consortium led by BlackRock. The deal, which is rated $ 22.8 billion, includes 90 percent of the shares in the Panama Ports Company, which runs the strategically important ports of Balboa and Cristobal. These ports are essential for international trade and are located at both ends of the canal, which welcomes around 12,000 ships annually - three quarters of them come from the USA or control them, such as vienna.at reported.

This decision follows critical statements by former US President Donald Trump, who was concerned about the influence of China on this important trade route. Trump had repeatedly resisted the high fees that Panama imposed on the American users of the canal. CK Hutchison, however, states that this sale is purely economic in nature and has nothing to do with the latest political tensions, as Frank Sixt, co-managing director of the company. Regardless of this, the deal could be a strategic realignment, since the port companies will contribute significantly less to the group sales in the future, reported Forbes .

In the short term, this transaction is expected to have a significant impact on the CK Hutchison's share prices, the value of which has already increased by almost 25 percent. This business promises to reduce the company's debt and to reduce uncertainty with regard to geopolitical tensions. Nevertheless, the Panama Canal remains, opened in 1914 and today under the control of the Panama Canal Authority, a symbolic point for the geopolitical interests of the United States and China, while the sale of CK Hutchison on Blackrock, the dynamic future of this waterway focuses on international attention.