CK Hutchison Unit Says Panama Arbitration Claim Now Tops $2 Billion

The logo of CK Hutchison is pictured on a flag outside the Cheung Kong Center building in Hong Kong on March 27, 2025. The company says Panama Canal port workers have been removed after court-ordered takeover. Photo / Peter PARKS / AFP
The logo of CK Hutchison is pictured on a flag outside the Cheung Kong Center building in Hong Kong on March 27, 2025. The company says Panama Canal port workers have been removed after court-ordered takeover. Photo / Peter PARKS / AFP

A unit of Hong Kong conglomerate CK Hutchison said on Tuesday it had widened its claims in an international arbitration case against Panama, saying damages had now risen to more than $2 billion.

Panama Ports Company, which for nearly three decades operated the Balboa and Cristobal terminals near the Panama Canal, said it had supplemented its claims in proceedings under the International Chamber of Commerce’s arbitration rules, a month after what it described as the state’s illegal takeover of two port terminals and company property.

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by Eric Olander

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