Washington and Beijing accuse each other of seeking to control the Panama Canal, a vital trade link between the Atlantic and Pacific oceans. (EPA Images pic) WASHINGTON: The US on Thursday expressed support for Panama after China was accused of detaining Panama-flagged ships in a dispute over control of the Central American country’s strategic canal….
A subsidiary of Hong Kong conglomerate CK Hutchison Holdings has expanded international arbitration claims against Panama, alleging damages have “escalated beyond US$2 billion” in what it called an “illegal takeover” of ports and property. The expanded claims, announced on Tuesday local time by the Panama Ports Company (PPC), part of Hong Kong tycoon Li Ka-shing’s…
Panamanian President Jose Raul Mulino has accused a subsidiary of Hong Kong conglomerate CK Hutchison Holdings of lying about the country’s response to an arbitration initiated by the company over the seizure of two strategic ports. Mulino’s rebuttal on Thursday was in response to claims several days earlier by the Panama Ports Company (PPC) that…
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…
Hong Kong conglomerate CK Hutchison Holdings has stepped up legal action in response to what it called Panamanian authorities’ unlawful takeover of the operations of two ports at either end of the strategic canal. The group, led by the family of Hong Kong tycoon Li Ka-shing, said on Friday it had submitted a supplement to…
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…
The Panamanian government on Monday issued a decree ordering the occupation of two ports at the entrances of the Panama Canal, a move triggered by a final Supreme Court ruling that declared the operating concession held by the Hong Kong-based company CK Hutchison unconstitutional. The decree authorises the Panama Maritime Authority to occupy the ports…
Hong Kong’s CK Hutchison has vowed to pursue all available legal options to defend its interests after a Panama court last month nullified its right to operate two ports along the country’s canal, while acknowledging that keeping the operations running was beyond its control. The conglomerate headed by Hong Kong tycoon Li Ka-shing’s family said…
Hong Kong investors are reviewing their stakes in Panama amid a dispute over a concession held by a subsidiary of CK Hutchison to operate two ports in the country, the city’s leader has said, pledging to work with Beijing to push back. Chief Executive John Lee Ka-chiu on Tuesday also urged Panamanian authorities to ensure…