From Yahoo Finance: 2025-04-01 14:45:00

BlackRock Chairman Laurence Fink believes ports are crucial to the global economy, comparing them to data centers and power grids. BlackRock recently partnered with MSC to acquire CK Hutchison’s port terminals for $23 billion. However, China blocked the sale, including terminals in Panama. Fink estimates a $68 trillion infrastructure boom by 2040, with $2 trillion needed for ports alone.



Read more at Yahoo Finance: As China blocks terminals deal, BlackRock chief says ports ‘will define the future’