Panama Canal

State-owned China Merchants Group joins sale talks for CK Hutchison’s troubled ports

PORTS operator China Merchants Group is in talks to join a consortium seeking to buy dozens of CK Hutchison Holdings’ ports, people familiar with the matter said, giving renewed momentum to a deal tha...

Panama Ports Company says that the arbitration will take place in London.

CK Hutchison’s Panama unit files arbitration against Maersk over ports takeover

The Panama Canal are at the centre of a legal battle that has embroiled Beijing and Washington

CK Hutchison, which operated the ports for nearly 30 years, has strongly rejected the Panama court ruling, accused Panamanian authorities of unlawfully seizing property.

China detaining Panama-flagged ships amid battle over port control

China firmly opposes the ruling against Hutchison’s port concessions, calling it an ‘act of bad faith’

The legal fight has become part of a broader diplomatic and commercial dispute following Panama’s cancellation of the concessions in line with a Supreme Court ruling in late February.

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