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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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