Category: Ports
CK Hutchison: The Hong Kong Firm Behind Panama Port Operators
By Holmes Chan A sprawling business empire built by Hong Kong billionaire Li Ka-shing is caught in the crossfire as the extent of Chinese influence over the Panama Canal is debated. U.S. Secretary of State ...
China Has Invested Billions in Ports Around the World. This Is Why the West Is so Concerned
By Claudio Bozzi, Lecturer in Law at Deakin University On his way to the G20 summit in Rio de Janeiro in November, Chinese President Xi Jinping met with Peruvian President Dina Boluarte to officially open a new $3.6 billion deepwater mega-port in ...
China, Sri Lanka to Fast-Track Hambantota Refinery
China’s state-owned oil company Sinopec signed an agreement with the Sri Lankan government to accelerate the building of a $3.7 billion oil refinery in the port city of Hambantota. The agreement includes fast-tracking unresolved issues around water access, land allocation, and taxes. The deal will be the largest single ...
Trump Threatens to Take Back Control of Panama Canal
Incoming U.S. president Donald Trump on Saturday slammed what he called unfair fees for U.S. ships passing through the Panama Canal and threatened to demand control of the waterway be returned to Washington. He also hinted at China's growing influence around ...
Xi Inaugurates South America’s First Chinese-Funded Port in Peru
Chinese President Xi Jinping on Thursday inaugurated Latin America's first Beijing-funded port in Chancay, Peru -- a symbol of the Asian superpower's growing influence on the continent as it prepares to face off with a new Donald Trump administration. The $3.5-billion ...
U.S. Urges Vigilance on Chinese Investment as Xi Opens Peru Port
The United States on Thursday called on Latin American nations to be vigilant about Chinese investment as President Xi Jinping inaugurated a major port in Peru. Xi, in Peru alongside US President Joe Biden for the APEC summit, was opening the ...
Peru’s Chancay: China’s Megaport of Entry to South America
Huge cranes loom over Peru's massive new Chinese-funded Chancay port, a symbol of Beijing's growing influence in South America, which is set to be inaugurated by President Xi Jinping on Thursday. "It's nearly ready," Gonzalo Rios, deputy general manager of the ...
Cash-Strapped Sri Lanka Eyes China Development
By Amal Yayasinghe Sri Lanka's economic collapse was partly blamed on struggling high-debt Chinese mega-projects, but candidates in Saturday's presidential election are banking on at least one of them to buck the trend. The strategically ...
Peru Moves to Resolve Port Dispute Ahead of President’s Meeting With Xi Jinping
The Peruvian government formally withdrew its legal petition to block Chinese shipping giant Cosco from having exclusive rights to operate the new Chancay "mega port" that's near completion. The move marks a sharp reversal from its position in March when it ...
A Tale of Two Ports: A Potential Shift in Indian Ocean Maritime Politics?
By Saniya Kulkarni India recently signed an agreement with Iran to jointly develop and operate Chabahar Port, located on the southeastern Iranian coast on the Gulf of Oman. The new arrangement, which entails India committing to investing $370 million into the infrastructure of ...
Sri Lanka President Hints at Emerging Chinese Logistics Network Linking Hambantota With Yangon and Chongqing
Discussions are reportedly underway among Sri Lanka, China, and Myanmar to link key ports and industrial hubs in those countries into a new logistics network, according to recent comments by Sri Lankan President Ranil Wickremesinghe. The president said at a cabinet ...
Insiders Expect Container Shortage at Chinese Ports Amid Red Sea Crisis
After the Red Sea crisis forced ships to extend their routes around the Cape of Good Hope, industry insiders have expressed their concerns about a possible empty container shortage at Chinese ports after the Chinese New Year holiday. “Equipment shortages are ...