Logo

Cosco seeks at least 20% stake in $23 billion Panama Canal ports deal, FT reports

-China’s state-owned shipping giant Cosco aims to secure at least 20%-30% stake in a $23 billion ports deal involving strategic assets in the Panama Canal, as Beijing moves to renegotiate the terms of a sale previously praised by U.S. President Donald Trump, the Financial Times reported on Friday.

Reuters could not immediately verify the report.
Source: Reuters



Source

Related News

AD Ports Group Leverages Integrated Logistics Netw...

3 hours ago

PSA Singapore Strengthens Global Maritime Leadersh...

2 hours ago

LMT Group demonstrates a new tool for monitoring g...

2 hours ago

Port Of Los Angeles Posts Solid First Quarter Perf...

2 hours ago

HOT PORT NEWS from GAC

2 hours ago