Panama annuls CK Hutchison’s port concessions at Balboa & Cristobal terminals after court ruling; Maersk and MSC take interim ...
The simmering dispute has become a geopolitical flashpoint between Washington and Beijing, with Panama caught in the crossfire.
A subsidiary of Danish shipping giant Maersk will serve as temporary operator of Cristóbal and Balboa terminals.
Hong Kong conglomerate CK Hutchison said officials threatened its employees with criminal prosecution if they refused to leave after a court ruling canceling its contracts was finalized.
Hong Kong protests after Panama takes control of two key ports on the Panama Canal once run by a Hong Kong company.
Panama takes control of canal ports from CK Hutchison amid US-China tensions, raising operational and legal challenges.
Panama authorities have taken control of two ports operated by a subsidiary of a Hong Kong company, assets that came under scrutiny after President Donald Trump claimed that China exerted too much ...
CK Hutchison says the Panama government now has ‘administrative and operational control’ of its two ports.
Panama published an official gazette on Monday, citing a Supreme Court ruling that cancelled key port contracts held by a ...
Panama has formally terminated contracts that gave Hong Kong company CK Hutchison the rights to operate the ports at either end of the Panama Canal. It was set to keep doing so until 2047, but a ...
Hong Kong protested Panama's seizure of two ports on the canal as the dispute between the U.S. and Canada over the key ...