Panama has assumed operational control of the Port of Balboa, ending years of management by Hong Kong-based CK Hutchison Holdings. The move could reshape operations and trade flows tied to the Panama Canal.
Panama has canceled a China-linked port deal and shifted canal terminals to Maersk and MSC, a move with major trade and geopolitical implications. The source does not give full details on the terms or timing of the change.
Panama has taken control of two major canal-linked ports from a Hong Kong operator after a Supreme Court ruling. The move underscores the strategic importance of infrastructure tied to the Panama Canal.