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China Pushes for Control in $22.8B Panama Ports Deal

12/17/2025

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Summary

Story summary

China is seeking a controlling stake in a $22.8 billion ports deal involving two contentious ports near the Panama Canal, according to The Wall Street Journal.
Cosco (the state-owned ship operator) is involved in the negotiations.
BlackRock and the Mediterranean Shipping Company (MSC), which previously secured the deal, were willing to offer Cosco an equal stake.
Discussions have stalled due to China's increased demands.

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Story summary

China is seeking a controlling stake in a $22.8 billion ports deal involving two contentious ports near the Panama Canal, according to The Wall Street Journal.
Cosco (the state-owned ship operator) is involved in the negotiations.
BlackRock and the Mediterranean Shipping Company (MSC), which previously secured the deal, were willing to offer Cosco an equal stake.
Discussions have stalled due to China's increased demands.