The Business Times
business-time-50

panama

Companies & Markets

CK Hutchison unit says Panama arbitration claim now tops US$2 billion

CK Hutchison has said that it sees the decision as unlawful and is considering legal action.
Transport & Logistics

Panama officials search CK Hutchison’s subsidiary office: source

CK Hutchison said Panama’s decision to cancel key port contracts and grant temporary licences to Maersk and the Mediterranean Shipping (MSC) was ‘unlawful’.
Global Enterprise

CK Hutchison says Panama Canal port workers removed after court-ordered takeover

CK Hutchison said that Panama has provided no clear assurances about PPC’s continued operations at Balboa and Cristobal.
Global Enterprise

CK Hutchison warns of legal action if Maersk takes over Panama’s Balboa, Cristobal terminals

CK Hutchison, which has been operating the two Panama terminals since 1997, is seeking damages through international arbitration against the court ruling.
Global Enterprise

China pauses Panama deals after ports operation nulled: sources

Panama’s Supreme Court last week ruled the contracts violated Panama’s constitution by giving the company exclusive privileges and tax exemptions.
Global Enterprise

Li Ka-Shing’s port unit starts arbitration against Panama

While the two Panama ports account for just 5% of Hutchison Port Holdings’ earnings before interest, tax, depreciation and amortisation (Ebita), their strategic importance is high.
Global Enterprise
EXPLAINER

Implications of Panama court ruling to quash CK Hutchison port concessions

The court's decision could disrupt CK Hutchison’s proposed US$23 billion sale of dozens of ports worldwide, including the Panamanian terminals.
Global Enterprise

Panama court quashes CK Hutchison port contracts, clouding sales plan

Panama's maritime authority also said the Bella-1, a Russian-flagged tanker the US seized the same day near Iceland after a two-week pursuit, was once listed on the country’s registry.
International

Panama says it cancelled flag of US-seized oil tanker a year ago

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More