Panama channel: “The sale of ports to MSC threatens neutrality” | EUROtoday

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The sale of the 2 ports near the Panama Canal to the worldwide consortium led by the Italian-Switzerland Navigation Company Msc “He threatens the principle of neutrality of the channel,” the channel supervisor informed the Financial Times Ricaurte Vasquez.

“There is a potential risk of concentration of capacity if the agreement is made in the way it is structured, as it appears at the moment,” Vasquez mentioned to the FT.

“If there is a significant level of concentration on terminal operators belonging to an integrated navigation company or a single navigation company, this will be at the expense of Panama’s competitiveness on the market and will not be consistent with neutrality”.

The firm based by the proprietor Gianluigi Aponte and the Panama channel authority didn’t instantly reply to a request for remark from the Reuters Agency.

The operation takes place as a part of the sale of 43 ports At the second managed by the Chinese fund listed in Hong Kong CK Hutchison to a consortium that mixes MSC and Blackrock. CK Hutchison final month confirmed the operation that’s value a complete of 22.8 billion {dollars}.