Panama has urged Chinese shipping giant Cosco to reconsider its decision to suspend operations at the Balboa port, amid escalating geopolitical tensions surrounding the strategic gateway and Hong Kong’s CK Hutchison Holdings, following Panama's revocation of port concessions from a private Chinese group.

China's COSCO Shipping has suspended its operations at the Balboa port in Panama, according to reports from La Prensa.

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 […] The post Panama Pushes Chinese Carrier COSCO to Restart Pacific Port Services appeared first on The Tico Times | Costa Rica News | T...

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 […] The post Chinese Shipping Giant Suspends Operations at Panama Canal appeared first on The Tico Times | Costa Rica N...