Consolidating power in the Panama Canal
For more than 100 years, the Panama Canal has controlled the bulk of goods transferred between the Pacific and the Atlantic. For much of that history, this monumental feat of engineering was under the control of the United States. But this is no longer the case.
In May, Panama’s largest port was purchased by a Chinese company called Landbridge Group.
Margarita Island Port, on the canal’s Atlantic side, offers the company intimate access to one of the most important goods distribution centers in the world.
While promising to upgrade the ailing Panama facilities and offer more trade with America’s distant east coast, there is substantial reason to hesitate at the purchase of such a critical trade hub.