Micah McCartney
Panama’s move to void two longstanding port concessions flanking the Panama Canal was a blow to Hong Kong-based CK Hutchison and a win for U.S. efforts to check Chinese influence in the Western Hemisphere.
Yet as CK Hutchison seeks to sell its majority shares in dozens of other port projects worldwide, China's COSCO—the world's fourth-largest shipping company—hopes to fill the void. If the state-owned shipping giant succeeds, security risks for the U.S. could climb at other ports in Latin American and the Caribbean, according to recent analysis by the Center for Strategic and International Studies, a Washington think tank.
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