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panama

Global Enterprise

China pauses Panama deals after ports operation nulled: sources

The move could derail potential investments worth billions of US dollars

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

The company characterises the court’s decision as a breach of good faith and the spirit of the agreement

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

Impact on CK Hutchison’s global ports deal is unclear, but analysts say talks ease without Panama

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 Ports Company says court ruling inconsistent with legal frameworks

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

[PANAMA CITY] Panama’s maritime authority on Thursday said it had cancelled in January of last year the flag of the M Sophia, a Venezuela-linked oil tanker seized by the US military this week.

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