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29.03.26 - 03:33
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US Monitoring Surge In China′s Detention Of Panama-Flagged Vessels (ZeroHedge)
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US Monitoring Surge In China's Detention Of Panama-Flagged Vessels
Authored by Aldgra Fredly via The Epoch Times,
The U.S. Federal Maritime Commission on March 26 accused China of detaining Panama-flagged vessels in response to Panama's termination of Hong Kong-based CK Hutchison's concessions for two key ports.
Panama's Supreme Court ruled in late January that the concessions held by Panama Ports Company, a unit of CK Hutchison, for the Balboa and Cristobal terminals in the Panama Canal were unconstitutional.
The ruling followed an audit by Panama's comptroller, which alleged irregularities in the 25-year extension of the concession granted in 2021.
Following the ruling, Panama named U.S. subsidiaries Maersk APM Terminals and Mediterranean Shipping Company's (MSC) Terminal Investment Limited as interim operators of the ports under 18-month contracts.
Laura DiBella, commissioner at the Federal Maritime Commission—an independent federal agency regulating the U.S. international ocean ...
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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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