Who owns the Panama Canal?
The Panama Canal is a 51 mile long waterway that allows ships to cut about 8,000 miles off of a trip from New York to San Francisco around the route around Cape Horn.
The country of Panama owns the canal, which is operated by the Panama Canal Authority, an agency of the Panamanian government, but who owns the ports located on either side of the canal?
Until now, it has been CK Hutchison, a Hong Kong based firm - raising concerns about China's interest and influence in the supply chain critical Panama canal. On March 4th, it was announced that CK Hutchison had decided to sell two of the…
The skinny
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