Maritime Infrastructure News

CK Hutchison Holdings sold its controlling interest in two major Panama Canal ports to a U.S. led consortium for $22.8billion. BlackRock Inc. Global Infrastructure Partners and Terminal Investment Limited will receive a 90% stake of the Panama Ports Company that operates the Balboa & Cristobal Ports.The sale comes after President Donald Trump expressed concerns about China's influence on key infrastructure in the canal. Trump publicly criticized a Hong Kong based company's control over these ports…