Panama’s government asked Chinese shipping giant COSCO Shipping to reconsider its suspension of operations at the Balboa port at the Pacific entrance to the Panama Canal. Minister for Canal Affairs Jose Ramon Icaza said the decision caught authorities by surprise and expressed hope the company would return. The request follows COSCO Shipping Lines’ notice to […]
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Chinese shipping giant COSCO Shipping has halted arrivals and departures at Balboa port, the Pacific entrance to the Panama Canal. The state-owned company from Shanghai issued the order in a client notice dated March 10. All confirmed bookings at the terminal now face cancellation. Clients must contact sales representatives for alternative arrangements. The notice, published […]
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Panama Seizes China-Linked Ports Amid Trump-Beijing Dispute
Panama published a Supreme Court decision, issued in late January, that voided key port operations held by Hong Kong-based CK Hutchison. The Balboa and Cristobal terminals have become entangled in a legal dispute involving Washington and Beijing. The timing is important, as it comes about a month before President Trump's planned late-March trip to China.
On Monday, the ruling authorized the Panama Maritime Authority to...
