A cargo ship transits through Panama Canal Cocoli locks in Panama City on February 21, 2025. Getty Images The $23 billion sale provides the Hong Kong-based conglomerate with nearly $19 billion in ...

President Donald Trump cited BlackRock’s Tuesday deal to acquire Panama Canal ports as part of his administration’s broader effort to “reclaim” the crucial waterway.

American asset management giant BlackRock has agreed to buy two ports at either end of the Panama Canal from a Hong Kong-based firm whose ownership had angered President Donald Trump. Trump said ...

Importantly, the Panama Canal has more than 12,000 ships travel through each year, and of those ships 70% are coming from or going to U.S. ports. CK Hutchison co-managing director Frank Sixt said ...

Panama’s top auditor said Hong Kong-based CK Hutchison 1 0.10% owes hundreds of millions of dollars in unpaid fees and failed to get necessary clearances for two key Panama Canal ports, dealing ...

BlackRock BLK -0.96%, the world’s largest asset manager, last week said it was leading a consortium that would pay $22.8 billion to buy more than 40 ports around the world, including crucial ...

Panama President José Raúl Mulino on Wednesday accused U.S. President Donald Trump of lying when he said in his Tuesday address to a joint session of Congress that his administration was ...

Washington relinquished control of the waterway to Panama on December 31, 1999, under a treaty signed in 1977 by President Jimmy Carter. Trump has said that Carter "foolishly" gave the canal away.