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Denmark's Maersk buys Panama Canal railway [View all]
Deal loosens US control of train link at a time when Trump is seeking to ‘take back’ trade waterway
Danish shipowner AP Møller-Maersk has acquired a railway connecting the ports at either end of the Panama Canal, in a deal that loosens US control of the train link just as President Donald Trump seeks to assert Washington’s influence in the Central American country.
Maersk’s ports business APM Terminals announced on Wednesday that it had acquired the Panama Canal Railway Company, which operates a 76km line that runs adjacent to the waterway and transports cargo between the Atlantic and Pacific Oceans.
The railway was bought for an undisclosed sum from US-based Lanco Group and Canadian Pacific Kansas City, which operates across North America.
The deal has been signed despite mounting US pressure over the Panama Canal, a key passage for American and global trade, with Trump threatening this year to “take it back” under American control.
https://www.ft.com/content/cb460c62-b587-4900-a0c5-722f6c2548d4
Danish shipowner AP Møller-Maersk has acquired a railway connecting the ports at either end of the Panama Canal, in a deal that loosens US control of the train link just as President Donald Trump seeks to assert Washington’s influence in the Central American country.
Maersk’s ports business APM Terminals announced on Wednesday that it had acquired the Panama Canal Railway Company, which operates a 76km line that runs adjacent to the waterway and transports cargo between the Atlantic and Pacific Oceans.
The railway was bought for an undisclosed sum from US-based Lanco Group and Canadian Pacific Kansas City, which operates across North America.
The deal has been signed despite mounting US pressure over the Panama Canal, a key passage for American and global trade, with Trump threatening this year to “take it back” under American control.
https://www.ft.com/content/cb460c62-b587-4900-a0c5-722f6c2548d4
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