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24.02.26 - 21:21
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Panama Seizes China-Linked Ports Amid Trump-Beijing Dispute (ZeroHedge)
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Panama Seizes China-Linked Ports Amid Trump-Beijing Dispute
Panama published a Supreme Court decision, issued in late January, that voided key port operations held by Hong Kong-based CK Hutchison. The Balboa and Cristobal terminals have become entangled in a legal dispute involving Washington and Beijing. The timing is important, as it comes about a month before President Trump's planned late-March trip to China.
On Monday, the ruling authorized the Panama Maritime Authority to take over the Balboa and Cristobal terminals near the Panama Canal, ending concessions held by Panama Ports Company (PPC), a CK Hutchison subsidiary, for more than two decades.
The ruling stated that the Panama Maritime Authority will occupy both ports for "reasons of urgent social interest" and take control of all cranes, vehicles, computer systems, and software.
CK Hutchison said Panama's move was "unlawful" and threatened national and international legal action against the country, which controls the 50-mile man-m...
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06.02.26 - 03:06
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Billions In Chinese Investment To Flee Panama - Beijing Livid Over Canal Ports Decision (ZeroHedge)
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Billions In Chinese Investment To Flee Panama - Beijing Livid Over Canal Ports Decision
China is lashing out at Panama after the country's top court torpedoed a key Chinese-linked operations contract at the Panama Canal, warning that the Central American nation "will inevitably pay a heavy price" if it doesn't reverse course.
Under immense US pressure from the Trump White House, Panama's Supreme Court last week ruled to void the operating license of Hong Kong–based CK Hutchison for ports on both ends of the canal - Balboa on the Pacific side and Cristóbal on the Atlantic.
via AFP
The decision effectively ejects a Chinese/HK-connected operator, specifically the Panama Ports Company which is the subsidiary under CK Hutchison, from one of the world's most strategic maritime chokepoints.
This was celebrated as a win by Washington, as President Trump has long made clear his intention to reassert American influence and control over the Panama Canal. Starting early in his administrat...
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04.02.26 - 10:12
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Panama ports defeat shows China faces tougher test in Latin America (SCMP)
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China said Panama risks paying a “hefty political and economic price” following the cancellation of Hong Kong-based CK Hutchison Holdings' contract to operate two major ports serving the Panama Canal.
“The Panamanian authorities' insistence on this despite widespread concerns is tantamount to shooting themselves in the foot,” China's Hong Kong and Macau Affairs Office said in a commentary posted on its WeChat account on Tuesday. The decision by the Panama Supreme Court “is legally unfounded and......
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