Panama Canal

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

Panama Ports Company has accused Panamanian authorities of unlawfully seizing property

While all confirmed bookings will be cancelled, cargo that has already arrived will be processed as normal, the outlet says.

China’s Cosco halts Panama port operations as tensions rise

The Balboa port is one of two terminals along the strategic Panama Canal

CK Hutchison lost control of the two ports last month after Panama seized the assets amid pressure from US President Donald Trump.

CK Hutchison unit seeks US$2 billion in Panama ports dispute

The two ports are part of the Hong Kong conglomerate’s deal announced in March last year

Most traffic increases were registered by tankers carrying energy products, including liquefied natural gas, car carriers and dry bulk carriers, according to the report.

Panama Canal saw 2.8% transit increase through January despite tensions

Analysts expect an increasing passage of vessels carrying US LNG through Panama to reach destinations in Asia

The two Panama Canal ports are at the heart of the US$23 billion deal announced last year.

BlackRock-backed group seeks to close CK Hutchison ports deal without Panama assets: report

The Hong Kong-listed conglomerate has been seeking to sell its non-Chinese ports business, which spans 43 terminals in 23 countries

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

Panama officials search CK Hutchison’s subsidiary office: source

The decision has sparked a battle embroiling both Beijing and Washington

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

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

Since returning to office, Trump has made threats to retake control of the canal, claiming Beijing has too much influence in its operations.

Beijing slams ‘forced demolition’ of Chinese monument at Panama Canal

The US and China are the main users of the 80-kilometre canal