PERSPECTA

News from every angle

Results for "Panama Canal"

47 stories found

Panama Pushes Chinese Carrier COSCO to Restart Pacific Port Services
Businessstraits-timestico-times1mo ago2 sources

Panama Pushes Chinese Carrier COSCO to Restart Pacific Port Services

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 Suspends Operations at Panama Canal
Businesshk-free-presstico-times1mo ago2 sources

Chinese Shipping Giant Suspends Operations at Panama Canal

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...

CK Hutchison subsidiary slams Panama over ‘unnotified intrusion’ at storage site
BusinessSCMP1mo ago

CK Hutchison subsidiary slams Panama over ‘unnotified intrusion’ at storage site

A subsidiary of Hong Kong conglomerate CK Hutchison Holdings has accused Panamanian authorities of undermining due process by making an “unnotified intrusion” at a facility storing materials related to ongoing legal proceedings. The Panama Ports Company (PPC) on Friday accused the country’s government of creating a crisis, calling the “illegal takeover” of two port facilities in the Panama Canal a failure to comply with “constitutional, contractual and international obligations”. The former...

The true cost of Panama’s port seizure lies in lost predictability
BusinessSCMP1mo ago

The true cost of Panama’s port seizure lies in lost predictability

There are few assets on earth as strategically sensitive as the ports flanking the Panama Canal. They sit at the hinge of global trade, where container ships glide between oceans and geopolitics moves just beneath the surface. That is why Panama’s seizure of two major port terminals operated by CK Hutchison, the Hong Kong conglomerate built by Li Ka-shing, deserves more than a passing headline. It is not simply a contractual dispute dressed up as constitutional housekeeping. It is a stress te...

Panama out, but study says China investing US$23.9 billion in world’s seaports
BusinessSCMP1mo ago

Panama out, but study says China investing US$23.9 billion in world’s seaports

A Hong Kong operator has lost control of the Panama Canal, one of the world’s most pivotal waterways for merchant ships, but university researchers said this week that Chinese state institutions have funded hundreds of other seaports around the world. Specifically, they have invested a total of US$23.9 billion over the past quarter century in 363 ports and related activities abroad, according to AidData, a research lab at William & Mary University in the United States. AidData called the...

Hong Kong’s CK Hutchison seeks negotiations over Panama Canal ports
Businesshk-free-press1mo ago

Hong Kong’s CK Hutchison seeks negotiations over Panama Canal ports

Hong Kong-based CK Hutchison Holdings asked the Panamanian government on Thursday to enter negotiations to allow it to continue operating the Panama Canal’s two terminal ports, a company spokesperson said. Panama’s Supreme Court last month invalidated Hutchison’s contract following repeated threats from President Donald Trump that the United States would seek to reclaim the waterway, […]