When it was announced in 2023 that the African Union would become a full member of the G20, I darkly joked on a podcast that the AU’s entry into the body could very well mark the moment the G20 lost its status as one of the most important global coordination forums. Mark my words, I said, soon The Economist will be like “Uhhh, the G20 is OVER – it’s the ...
Category: Ports
China Likely to Bid on Building New Panama Canal Ports
China is among parties interested in bidding to build two new ports on the Panama Canal, its administrator said Tuesday, despite U.S. talk of retaking control of the vital trade route. U.S. President Donald Trump made the threat earlier this year, ...
CK Hutchison Executive Defends Delay in Panama Ports Deal
A top executive at CK Hutchison on Thursday brushed off the delay in offloading its Panama Canal ports as "not particularly troublesome", as the Hong Kong conglomerate reported its half-year earnings. The firm in March proposed the sale of its global ...
China Starts Brunei Muara Port Expansion to Double Capacity
China has begun a US$278 million worth of Brunei’s Muara Port expansion, the country’s leading maritime gateway, in a push to deepen Southeast Asia trade links as Chinese exports to the region climb and shipments to the U.S. slide. Details: ...
CK Hutchison Eyes ‘Major’ Chinese Investor for Panama Ports Deal
By Holmes Chan Hong Kong conglomerate CK Hutchison said Monday it was considering inviting a Chinese "major strategic investor" to join a US-led consortium negotiating the sale of its global ports business outside China, including operations at the Panama Canal.
Peru Seeks Rail Meeting with China, Brazil
Peru’s economic ministry said it is seeking a high-level meeting with counterparts in Brazil and China to take an ambitious plan to build a cross-continental railway to the next level. This follows a meeting between Economy Minister Raul Perez Reyes and ...
Chinese Ambassador Lashes Australian Plan to Buy Back Key Port
China's ambassador to Australia has condemned a push to block a Chinese company running a strategically important Australian shipping port, calling it "ethically questionable." The Landbridge group was granted a 99-year lease on the northern port of Darwin in 2015, a ...
With Chinese Backing, Cameroon Opens Second Phase of Kribi Deep-Sea Port
Cameroon opened the second phase of its Kribi deep-sea port earlier this month, marking a major step in the country’s efforts to strengthen its logistics infrastructure and expand its role in regional trade. The government completed the $650 million ...
With Chinese Backing, Cameroon Opens Second Phase of Kribi Deep-Sea Port
Cameroon opened the second phase of its Kribi deep-sea port earlier this month, marking a major step in the country’s efforts to strengthen its logistics infrastructure and expand its role in regional trade. The government completed the $650 million ...
China warns Panama ports deal firms to ‘proceed with caution’
China urged parties involved in Hong Kong conglomerate CK Hutchison's sale of Panama Canal ports to exercise "caution" Thursday, warning of legal consequences should they proceed without clearance from Beijing. The Hong Kong firm's attempt to sell most of its port ...
China warns Panama ports deal firms to ‘proceed with caution’
China urged parties involved in Hong Kong conglomerate CK Hutchison's sale of Panama Canal ports to exercise "caution" Thursday, warning of legal consequences should they proceed without clearance from Beijing. The Hong Kong firm's attempt to sell most of its port ...
Kazakhstan to Dredge Port for Key China-EU Trade Route
Kazakhstan will start dredging part of the Caspian Sea around its main port to increase capacity for a crucial transport route linking Asia and Europe, a spokesperson told AFP on Monday. The Trans-Caspian trade route, also known as the "Middle Corridor", ...
Kazakhstan to Dredge Port for Key China-EU Trade Route
Kazakhstan will start dredging part of the Caspian Sea around its main port to increase capacity for a crucial transport route linking Asia and Europe, a spokesperson told AFP on Monday. The Trans-Caspian trade route, also known as the "Middle Corridor", ...