Category: Ports
China Bristles After Panama Court Strips Hong Kong Firm of Canal Port Operations
The Chinese government reacted angrily to a Panamanian Supreme Court decision late last week that stripped Hong Kong-based CK Hutchison of operating two ports along the Panama Canal. The court ruled on Thursday that the concession for Panama Ports Company, a CK ...
Implications of Panama Court Ruling to Quash CK Hutchison Port Concessions
By Clare Jim, Kane Wu and Scott Murdoch Panama's Supreme Court annulled last week CK Hutchison's contract to operate two Panama Canal ports at the heart of a $23-billion deal to sell the Hong Kong conglomerate's global port assets.
Hong Kong Port Operator Violated Panama’s Constitution, Failed to Serve Public Interest, Panama Court Ruled
The Supreme Court of Panama said a contract held by a Hong Kong company to operate ports at the Panama Canal failed to “serve the public interest and social welfare,” in its decision on Thursday voiding the contracts. While the court announced the decision on Thursday, it ...
Panama Ports Will Operate Undisrupted After CK Hutchison Ruling, President Says
Panamanian President Jose Raul Mulino said on Friday that ports in the country will operate without disruption, despite a Supreme Court decision to annul key port contracts held by a subsidiary of Hong Kong-based CK Hutchison. The ruling on Thursday left the ...
Panama Court Voids CK Hutchison Port Contracts
Panama's Supreme Court has annulled key port contracts held by a subsidiary of Hong Kong-based CK Hutchison, leaving the future ownership of some Panama Canal operations unclear and possibly upsetting its plans to sell some terminals. Panama Ports Company (PPC), a ...
Australia Committed to Retaking Ownership of Darwin Port, Albanese Says
Australia was committed to returning a key northern port leased for 99 years to a Chinese company to Australian ownership, Prime Minister Anthony Albanese said on Wednesday after Beijing's envoy to Canberra warned of trade reprisals. The Northern Territory government sold Darwin Port to Chinese company Landbridge for ...
U.S. Warship Makes First Call at Cambodia’s Chinese-Renovated Naval Base
By Suy Se A U.S. warship on Saturday made a port call at a Cambodian naval base for the first time since Chinese renovations that have raised concerns in Washington, AFP journalists saw. The United ...
U.S. Backs Major Naval Expansion in Peru, as China Deepens Its Port Presence
The United States said Thursday it had approved a $1.5 billion deal for the expansion of a naval base in Peru, where China has funded a separate mega-port. The State Department said Peru requested $1.5 billion in equipment and services to ...
Monument Honoring China’s Contribution to Panama Canal Torn Down
Near the entrance to the Panama Canal, a monument to China's contributions to the interoceanic waterway was torn down Saturday night by order of local authorities. The move comes as U.S. President Donald Trump has made threats in recent months to ...
Kuwait Signs $4.1 Billion Deal With China to Build Port
Kuwait has signed a $4.1 billion deal with China to complete construction of a major port, as the oil-rich country seeks to diversify its economy and play a larger role in global trade. The State Audit Bureau, a government oversight body ...
Panama Ports Deal Hits a Wall
The Trump administration’s efforts to lessen Chinese influence in the Panama Canal have reportedly hit an impasse. The Wall Street Journal reports that the Chinese government is demanding a majority stake for the Chinese shipping giant Cosco in a proposed deal to sell several ports to the U.S. ...
China Likely to Bid on Building New Panama Canal Ports
China is among parties interested in bidding to build two new ports on the Panama Canal, its administrator said Tuesday, despite U.S. talk of retaking control of the vital trade route. U.S. President Donald Trump made the threat earlier this year, ...