US EditionDenmark’s Maersk buys Panama Canal railway
- Danish shipping company A.P. Moller-Maersk acquired the Panama Canal Railway from a joint venture involving Canadian Pacific Kansas City and Lanco Group, strengthening its transport services between the Atlantic and Pacific Oceans.
- The sale was made without a disclosed price and follows increased geopolitical tensions regarding the Panama Canal, as highlighted by U.S. President Donald Trump’s concerns about foreign influence in the region.
- Panama’s government stated that the sale is a private business deal, not related to canal operations, while Maersk views the acquisition as a strategic investment.
- APM Terminals CEO Keith Svendsen remarked that the railway is an attractive infrastructure asset, aligning with their services in intermodal container movement.
27 Articles
27 Articles
Why BlackRock boss Larry Fink believes he will win over control of the Panama Canal
Larry Fink is playing the long game. With a little time, a possible nudge from President Trump and some on-the-ground lobbying of his contacts in mainland China, BlackRock's billionaire boss believes he will win approval from the Mainland's apparatchiks to take control of the Panama Canal, On The Money has learned.
Denmark’s Maersk buys Panama Canal railway despite Trump threat
Danish shipping powerhouse A.P. Moller-Maersk A/S purchased a railway linking ports at both ends of the Panama Canal, undermining the US’s presence along a key trade route where Donald Trump is trying to elbow out competitors.
Large Danish shipowner: Maersk buys railway company on Panama Canal
Donald Trump wants to take control of the Panama Canal. Washington is putting pressure on the government of the Central American country. Now a Danish shipping company has bought a not insignificant operating company.
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