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

demosthenes · Mar 5, 2025

CHFG8R said: ↑

Interesting, I didn't know that. I just assumed you get a one-way transit fee and that's it.
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There are port services that are separate from the canal. That’s what Blackrock acquired. I’m certain those ports are valuable due to their location; it just doesn’t give them any direct control over the canal itself (soft power/influence by investing in the region like China was doing is a different issue).

vaxcardinal · Mar 5, 2025

perhaps they can put up some waterfront condos to rent

MeyerIsBack · Mar 5, 2025

demosthenes said: ↑

You said they’d monetize the canal. They didn’t acquire rights over the canal. Yes, I’m certain that they intend to make money on those two ports along with the ports they acquired in the portfolio but these two are only notable for their proximity, not control over the canal.
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Yeah my wording could've been better

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

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

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