In June 2025, Chinese state-owned enterprises (SOEs) began negotiations to acquire a stake in CK Hutchison Holdings' global ports portfolio. This move intensifies the competition between the United States and China for control of critical maritime infrastructure.
The ports, located in 23 countries, include 43 facilities, with two near the Panama Canal. China COSCO Shipping Corporation is reportedly in talks to join a group seeking to acquire these ports, valued at $22.8 billion.
The U.S. responded with an executive order to revitalize the shipbuilding industry. The order aims to counter China's dominance in the global maritime sector. The U.S. also imposed a 145% tariff on Chinese goods.