President Trump's plan to revive the U.S. shipbuilding industry involves imposing steep port fees on Chinese-built vessels, which may burden ocean transport operators with significant costs and disrupt supply chains.

The Hong Kong-based and Cayman Islands-registered CK Hutchison Holdings has agreed to sell a significant portion of its global port operations outside China and Hong Kong to a joint venture formed by the US-based BlackRock’s Global Infrastructure Partners (GIP) and the Swiss MSC’s Terminal Investment Limited (TiL).

A consortium led by U.S. private equity firm BlackRock has agreed to purchase the Panama port terminals owned by CK Hutchison of Hong Kong.

The ports operate on both sides of the Panama Canal. The deal will also net the consortium Hutchison's 80-percent stake in 43 ports comprising 199 berths in 23 countries. Total enterprise value for the acquisitions is $22.

The global ocean shipping industry that handles 80% of world trade is navigating a sea of uncertainty as U.S. President Donald Trump stokes trade and geopolitical tensions with historical foes as well as neighbors and allies.

Newly appointed US Commerce Secretary Howard Lutnick has announced that President Donald Trump will push for a crackdown on major cruise operators, accusing them of avoiding US taxes by registering their ships in foreign countries.

Friedrich Merz is poised to become Germany's next chancellor. There's no new government in Germany quite yet, but after Sunday's election, it's all but certain that Friedrich Merz of the conservative Christian Democratic Union will be the next chancellor.

Fox Nation's "Showdown at the Panama Canal" explores the history of the vital strategic waterway and the current high-stakes battle to reclaim control.