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Hong Kong firm challenges breach of Panama contract
April 14, 2026
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Posted 4 hours ago by
Panama Ports Company SA (PPC), a subsidiary of the Hong Kong-based conglomerate CK Hutchison, commenced arbitration proceedings against Danish shipping firm Maersk over the planned takeover by Maersk of PPC's port terminals in Panama. The case comes after Panama's Supreme Court ruled that a concession allowing the PPC to control and operate the Balboa and Cristóbal ports was unconstitutional.
As a result of the ruling, Panama’s central government seized control of both ports—much to the dismay of China, and the open delight of the Trump administration. (Photo: Editorpana via Wikimedia Commons)
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