excalibur
Diamond Member
- Mar 19, 2015
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This comes after the Panama Supreme Court ruled against the ChiCom deal.
This is winning folks, this is winning.
blackmon.substack.com
www.nbcnews.com
This is winning folks, this is winning.
In a move formalized Monday (Feb. 24, 2026) in the country’s official gazette, Panama annulled long-standing concessions held by Panama Ports Company (PPC), a subsidiary of CK Hutchison Holdings, and took direct control of the Balboa and Cristóbal terminals. President José Raul Mulino ordered the temporary occupation so the National Maritime Authority could guarantee “uninterrupted, safe and efficient” operations.
Here are the key facts:
Here are the key facts:
Panama Boots China From Canal Port Control
Panama just delivered a massive win for Western shipping interests — and, by extension, global energy security — by kicking a China-linked Hong Kong conglomerate out of the driver’s seat at the Panama Canal’s most critical ports.
Panama seizes two key ports from Hong Kong group amid U.S.-China canal dispute
Hong Kong conglomerate CK Hutchison said officials threatened its employees with criminal prosecution if they refused to leave after a court ruling canceling its contracts was finalized.