Panama Canal Plans Sale of New Ports to Bring in Competition Ahead of BlackRock Deal

The canal 's administrator wants more players running ports to dilute the influence of BlackRock partner Mediterranean Shipping Co. and, potentially, China's Cosco

The Panama Canal Authority plans to sell rights to two, yet-to-be-built ports to bring in more operators and limit the influence of any one group, specifically Geneva-based Mediterranean Shipping Co. and China's state-run Cosco.

The head of the authority, Ricaurte Vásquez Morales, said he wants to bring in more...

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