The controller general of Panama said CK Hutchison, a Hong Kong conglomerate, did not properly renew its license to operate two ports that are part of a $19 billion deal involving BlackRock.
Category: Ports
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U.S. Infrastructure Improves, but Cuts May Imperil Progress, Report Says
A report card from an engineering group found that American roads, ports and other infrastructure got better last year but could be hurt if federal funding is reduced.
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BlackRock Will Buy Panama Canal Ports from CK Hutchison
An investor group led by BlackRock will acquire two ports near the Panama Canal that are owned by CK Hutchison and have been the subject of a dispute between President Trump and Panama.
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Trump Takes Aim at Chinese Shipping Amid Widening Trade War
A new proposal would impose steep levies on Chinese-made ships arriving at U.S. ports, threatening to increase costs for imports.
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Dockworkers Vote to Accept New Labor Contract
Workers at East and Gulf Coast ports who went on strike briefly in October ratified a deal that includes a 62 percent raise over six years.
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California’s Push for Electric Trucks Sputters Under Trump
The state will no longer require some truckers to shift away from diesel semis but hopes that subsidies can keep dreams of pollution-free big rigs alive.
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Ahead of Possible Tariffs, No Rush to Get Goods In From Canada and Mexico
Experts say the freight system could handle an increase in imports from Canada and Mexico, but there is little sign of a significant increase.
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More Ships May Return to the Red Sea if Houthis Hold Their Fire
Shipping companies expressed caution about using the shorter route between Asia and Europe that many ships have avoided for more than a year.
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More Ships May Return to the Red Sea if Houthis Hold Their Fire
Shipping companies expressed caution about using the shorter route between Asia and Europe that many ships have avoided for more than a year.
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Port Strike Averted With Labor Deal Days Before Deadline
Dockworkers and employers on the East and Gulf Coasts had until Jan. 15 to reach a new agreement that settled differences over automation.
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Port Labor Talks Hinge on Deal on Automation
Cargo could stop flowing at East and Gulf Coast ports, which handle most imports, if a union and an employers’ group can’t agree on the use of machines that can operate without humans.
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Trump Backs a Longshoremen’s Union That Supported Him
President-elect Donald J. Trump is supporting the International Longshoremen’s Association, which could strike soon if it doesn’t reach a deal on automation with employers.