A subsidiary of Hong Kong conglomerate CK Hutchison Holdings has accused Panama of missing a deadline for international arbitration initiated by the company, as it confirmed its offices had earlier been raided by alleged “armed security forces”. Panama Ports Company (PPC) on Tuesday also accused authorities of silencing the country’s press and disregarding the rule…
The Panamanian government has asked Chinese shipping giant Cosco to reconsider its decision to suspend operations at the Balboa port amid geopolitical tensions surrounding the strategic gateway and Hong Kong’s CK Hutchison Holdings. Panama’s Minister for Canal Affairs Jose Ramon Icaza told reporters on Friday that Cosco’s decision had caught the government off guard. “The…
A subsidiary of Hong Kong conglomerate CK Hutchison Holdings is seeking US$2 billion in damages from the Panamanian government over what it described as the “illegal takeover” of the operations of two ports at either end of the strategic canal. In a statement issued on Friday, the Panama Ports Company (PPC) said it had submitted…
A subsidiary of Hong Kong conglomerate CK Hutchison Holdings has accused Panamanian authorities of undermining due process by making an “unnotified intrusion” at a facility storing materials related to ongoing legal proceedings. The Panama Ports Company (PPC) on Friday accused the country’s government of creating a crisis, calling the “illegal takeover” of two port facilities…
Hong Kong’s CK Hutchison Holdings has vowed to pursue all possible legal action, both domestically and internationally, to protect its interests, calling Panama’s move to take over its two ports unlawful. The conglomerate, led by the family of Hong Kong tycoon Li Ka-shing, issued the warning in its second statement in a week after the…
Hong Kong’s CK Hutchison has condemned the uninvited takeover of its Panama port by the country’s authorities, calling it unlawful and the “culmination of a campaign” against its subsidiary that operated the terminals. The conglomerate, led by Hong Kong tycoon Li Ka-shing’s family, issued its statement on Tuesday, a day after Panama’s Maritime Authority acted…
China has accused the United States of trying to undermine its relations with Greece after the US ambassador Kimberly Guilfoyle urged Athens to sell the Chinese-operated port of Piraeus. Guilfoyle called the presence of China’s state-owned shipping giant Cosco at the port in the south of Greece “unfortunate”, in an interview last week with Greek…
The US-UK technology deal announced in September 2025 promises to accelerate Britain’s AI sector, but critics warn it will happen at the expense of national tech sovereignty. It reflects the steady trend of US government and private interests extending a technologically driven form of hegemony, employing communications, data and AI systems to deepen dependence on…
China could impose its own punitive port charges and bar ships in U.S. services under new regulations that raise the stakes in the trans-Pacific trade war with the United States. Join the leaders shaping freight’s future atF3: Future of Freight Festival, Oct 21-22.Network with the industry’s best and discover what’s next. China’s State Council amended regulations…