US EditionChina Export Slowdown Coincides With Reported Pressure on Maersk, MSC Over Panama Ports
7 Articles
7 Articles
The Chinese authorities demanded that the European shipping companies Maersk and MSC leave “immediately” the ports of the Panama Canal whose management was temporarily entrusted to them by the Central American country after cancelling the concession to the Hongkonese CK Hutchison, reports today Financial Times (FT). Officials of the National Commission for Development and Reform (CNDR, the main economic planning body of China) convened last mont…
Maersk and MSC were told by Beijing not to "take on illegal activities that harm the interests of Chinese companies," reports the Financial Times this Wednesday. Panama granted them 18-month temporary concessions.
China appears to be escalating the dispute over Panama's port concessions - The two European groups had taken over the management of the ports a few weeks earlier. The post China: Demanded that the European groups Maersk and MSC withdraw from Panama appeared first on in.gr.
FT: China told Maersk and MSC to drop Panama port operations
THE FINANCIAL TIMES reports: China demanded Europe’s two largest shipping companies cease operating ports on the Panama Canal, just weeks after they took over from a Hong Kong-based group that was ejected from the terminals. In a meeting with China’s state planner last month, Danish shipping group Maersk and Switzerland-based Mediterranean Shipping Company were told to withdraw from the Balboa and Cristóbal ports immediately, said two people fam…
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