Panama urges Chinese shipping giant Cosco to resume operations at canal

    Panama urges Chinese shipping giant Cosco to resume operations at canal

    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…

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    CK Hutchison subsidiary slams Panama over ‘unnotified intrusion’ at storage site

      CK Hutchison subsidiary slams Panama over ‘unnotified intrusion’ at storage site

      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…

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