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BlackRock strikes deal to bring ports on both sides of Panama Canal under American control

Discussion in 'Too Hot for Swamp Gas' started by Contra, Mar 5, 2025.

  1. Contra

    Contra GC Hall of Fame

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    A Hong Kong-based conglomerate has agreed to sell its controlling stake in a subsidiary that operates ports near the Panama Canal to a consortium including BlackRock Inc., effectively putting the ports under American control after President Donald Trump alleged Chinese interference with the operations of the critical shipping lane.

    In a filing, CK Hutchison Holding said Tuesday that it would sell all shares in Hutchison Port Holdings and in Hutchison Port Group Holdings to the consortium in a deal valued at nearly $23 billion, including $5 billion in debt.

    The deal will give the BlackRock consortium control over 43 ports in 23 countries, including the ports of Balboa and Cristobal, located at either end of the Panama Canal. Other ports are in Mexico, the Netherlands, Egypt, Australia, Pakistan and elsewhere.

    The transaction, which must be approved by Panama's government, does not include any interest in a trust that operates ports in Hong Kong, Shenzhen and South China, or any other ports in China.

    BlackRock strikes deal to bring ports on both sides of Panama Canal under American control | AP News

    This appears to be another big win for our national security. The Trump administration made a big deal about the Panama Canal, and since then Panama has divested itself from the Belt and Road initiative. Now, the canal will be under the control of an American company.
     
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  2. wgbgator

    wgbgator Premium Member

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    The same evil people buying up rental properties and housing supply are gonna run the canal, awesome!

    [​IMG]
     
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  3. Contra

    Contra GC Hall of Fame

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    I am not a big supporter of Blackrock, but a little common sense here says Blackrock controlling the canal is much better for US national security compared to the CCP controlling the canal. While you and I may not like Blackrock, maybe even for some of the same reasons, we both know they are not going to militarize the Panama Canal against the United States.
     
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  4. wgbgator

    wgbgator Premium Member

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    A 'little common' sense should tell you Blackrock enriching themselves further does nothing for me or you, and that 'national security' is just a buzzword used to obscure the most evil and heinous shit Americans pursue abroad
     
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  5. WarDamnGator

    WarDamnGator GC Hall of Fame

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    These are just private ports at either end of the Canal and will have no affect on Trump’s original grievance that Panama was letting capitalist principles guide their pricing structure.
     
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  6. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    A business makes a move to enrich their investors is bad? Lol... :rolleyes:
     
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  7. jjgator55

    jjgator55 VIP Member

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    That’s confusing. Trump said the U.S. is going to take back the canal, but all I see is if he’s going to take it back he would have to confiscate it from an American company.
     
  8. WarDamnGator

    WarDamnGator GC Hall of Fame

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    Trump thinks Panama making business moves to charge what the market will bare for Canal access is bad, though, right?
     
  9. CHFG8R

    CHFG8R GC Hall of Fame

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    Appears to be a big win for the consortium (hopefully), but does literally nothing to improve our national security. Meanwhile, our Manchurian Candidate president has higher tariffs on our neighbors and allies than our greatest enemy. National Security indeed.
     
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  10. CHFG8R

    CHFG8R GC Hall of Fame

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    That's Blackstone. They're Trumpies.

    This is Blackrock. Typically associated with D's (but just in it for the $$$$).
     
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  11. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    China's COMMUNIST governance is antithetical to free market business. BlackRock is not my favorite business either, but at least they are still an American company.
     
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  12. WarDamnGator

    WarDamnGator GC Hall of Fame

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    You can’t conflate China buying a couple ports near the canal as control over the canal itself. Panama runs the canal like a capitalist business. They maximize their profits by auctioning off canal passage times. The more you pay, the faster you get access. You can even outbid another ship at the last minute to take their spot. That’s capitalism, baby. Why does that piss Trump off?
     
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  13. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    Bull crap, I can and I did...
     
  14. WarDamnGator

    WarDamnGator GC Hall of Fame

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    Then you can be misinformed, that’s your choice,
     
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  15. wgbgator

    wgbgator Premium Member

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    Whatever the case, their wikipedia has a section on "Investments in China" section. And Florida has divested because of their ESG policies. Woke runs the canal baby!
     
  16. wgbgator

    wgbgator Premium Member

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    An American company heavily invested in China
     
  17. mdgator05

    mdgator05 Premium Member

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    Isn't this a company you said has too much control and should be broken up? Now, you are cheering them gaining more control?
     
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  18. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    Yep, hence my apprehension about that company being involved.
     
  19. CHFG8R

    CHFG8R GC Hall of Fame

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    They actually wrote DEI (i.e. the corporate rollout, not the organic sentiment).
     
  20. wgbgator

    wgbgator Premium Member

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    I'm afraid woke has won Rick, call your senator
     
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