Panama seeks partners in new port plan that ‘may ease US-China rivalry’

The Panama Canal Authority has met key industry players ahead of tendering its US$2.6 billion plan to build two new port terminals, a move that a veteran Hong Kong political analyst says could ease an intense US-China rivalry over the waterway by diversifying the ownership of its strategic assets. The consultation, announced by the authority on Monday, came as the separate multibillion-dollar sale of CK Hutchison’s existing port stakes remained stalled amid broader frictions between the United...