US EditionMaersk to Take over Panama Canal Port Operations From HK Firm
APM Terminals will manage Panama Canal ports after the Supreme Court voided a $1.2 billion concession held by Panama Ports Company, ensuring uninterrupted operations.
- On Friday, AMP said APM Terminals, part of the Maersk Group, will temporarily administer the Balboa and Cristobal ports, replacing PPC.
- On Thursday, Panama's Supreme Court invalidated Hutchison's contract after a last year's comptroller request, citing it as unconstitutional and unpaid $1.2 billion owed.
- CK Hutchison Holdings announced in March 2025 it would sell a 90 percent stake in Panama Ports Company, which has operated the terminals since 1997 and paid $59 million to Panama over three years.
- Panamanian President Jose Raul Mulino called the Hutchison contract `extortionate` and said the canal will operate `without disruption`, while PPC said the ruling `lacks legal basis` and endangers thousands of Panamanian families, and the United States welcomed the decision.
- Expert reaction came from Kelvin Lam, who said `It is very hard to imagine that was not influenced by persistent US pressure on canal ownership`; Panama has always denied Chinese control over the 50-mile waterway.
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NEW: Trump Notches Strategic Foreign Policy Win Following Panama Canal Ruling
Panama’s Supreme Court on Friday voided a contract held by a Hong Kong based firm, while Panamanian President José Raúl Mulino assured world leaders that canal traffic will continue uninterrupted during a transition period. The ruling marks a strategic win for President Donald Trump, whose administration has applied pressure on Panama to limit foreign influence over the canal. The high court unanimously ruled that concession contracts held by Pa…
Maersk to take over Panama Canal port operations from Hong Kong company CK Hutchison after annulment
Danish firm Maersk will temporarily take over operation of two ports on the Panama Canal from Hong Kong company CK Hutchison, whose concession has been annulled, the Panama Maritime Authority (AMP) said Friday.
In the dispute over China's influence in Latin America, Panama cancelled the contracts for the operation of two ports on the Panama Canal.
Panama court ends Hong Kong canal contracts, handing Trump win
Panama’s Supreme Court on Thursday blocked a Hong Kong-based company from operating ports on the Panama Canal, giving the Trump administration a victory in its bid to divest the critical waterway of Chinese influence. The ruling revolves around CK Hutchison Holding, the Hong Kong firm that has operated two of the canals’ five ports since the 1990s through its subsidiary, Panama Ports Company. The Panamanian government accused CK Hutchison of …
The Danish giant Maersk will temporarily operate two Panama Canal ports after the cancellation of the concession of the Hong Kong group CK Hutchison.
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