Panama Canal

The Panama Supreme Court on Wednesday ruled to void the contract of the Hong Kong-based CK Hutchison Holdings ADR (OTC:CKHUY) to operate ports at both ends of the Panama Canal. • CK Hutchison Holdings stock is showing upward bias. Where is CKHUY stock headed? This decision marks a significant...

In a recent post on Truth Social, President Donald Trump called for American access to two of the world's most strategic waterways, demanding that transit fees for US ships be removed immediately. What Happened: Trump wrote that “American ships, both military and commercial, should be allowed...

After CK Hutchison Holdings Ltd. was announced to have sold for a record $19 billion to a consortium led by BlackRock Inc. (NYSE:BLK), China is now scrutinizing Hong Kong tycoon Li Ka-shing‘s global business empire. What Happened: Beijing has ordered state-owned companies to halt new...

BlackRock Inc. (NYSE:BLK) and its partners are set to acquire a massive global port network from CK Hutchison Holdings Limited, a $22.8 billion transaction that comes against a backdrop of heightened geopolitical tensions and strategic infrastructure repositioning. What Happened: The consortium...

Recent statements by President Donald Trump regarding potential changes in the status of the Panama Canal have raised concerns about possible impacts on various stocks and exchange-traded funds. After all, some 4% of global trade passes through the canal, with more than 70% of that traffic bound...

Secretary of State Marco Rubio is gearing up for his first foreign tour, with Panama on his itinerary, amid rising tensions over the Panama Canal. What Happened: Rubio’s inaugural foreign trip as Secretary of State will also include Guatemala, El Salvador, Costa Rica, and the Dominican...

President-elect Donald Trump told reporters at a press conference at Mar-a-Lago on Tuesday that he cannot rule out the use of military force in his quest for U.S. control of Greenland and the Panama Canal.  What To Know: A reporter asked if Trump could assure the American public that he would...

In response to US President-elect Donald Trump’s renewed interest in acquiring Greenland, the Danish government has significantly ramped up defense spending for the Arctic territory. This announcement was made shortly after Trump’s statement. What Happened: Danish Defence Minister ...

President-elect Donald Trump’s foreign policy rhetoric has recently shifted towards more aggressive stances, with controversial remarks about reclaiming the Panama Canal and acquiring Greenland. While unlikely to result in actual territorial changes, these statements reflect Trump’s...

The Panama Canal is a major strategic chokepoint for global shipping — the free flow of cargo via this waterway is essential to world trade. The high-profile drama involving the cruise ship Zaandam underscores how the coronavirus might impede this flow going forward. The Carnival Corporation...

The Panama Canal will require container ships and other vessels to pay new fees due to what it calls "historic" low water levels on the country's largest lakes. The new fees are the latest evidence about how will climate change impact shipping costs. It will also likely alter the cost calculus of...

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A suspension "until further notice" of the latest round of draft restrictions on ships using the Panama Canal was issued yesterday by the Canal Authority. Dry conditions are likely to continue throughout July and may last to the end of the year. The current maximum authorized draft of 44.0 feet (...

In the second of a three-part series, FreightWaves examines prospects for container ships transiting the Panama Canal. Part One featured the outlook for liquid bulk and Part Three will focus on dry bulk commodities, led by grains and coal. The expanded locks of the Panama Canal, which debuted in...

China may soon be constructing its own version of the Panama Canal through the Isthmus of Kra in Thailand. The proposed 30-mile canal would connect the Andaman Sea and the Indian Ocean to the South China Sea, reported the National Interest. If built, the canal would shave off three or four days of...