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Realtime News
Home > News > Realtime News
Home > News > Realtime News
CK Hutchison seeks US$2 billion in damages over Panama ports' takeover
Posted on 2026-03-07 16:08:13
A subsidiary of a Hong Kong-based company that has lost control of two ports
on the Panama Canal says it's seeking $2 billion of compensation from Panama
over its "illegal" takeover of the ports.

Panama Ports Company, a unit of Hong Kong's CK Hutchison Holdings, is
demanding the sum under international arbitration proceedings.

Panama's government last week seized control of the Balboa and Cristobal
ports on each end of the Panama Canal, after the country's Supreme Court
declared earlier that a concession allowing the company to run the ports was
unconstitutional.

Panama's move appears to stem from criticism of the ports by US President
Trump last year, when he claimed that China was "running the ports." CK
Hutchison tried to sell its controlling stake in the operations, but Beijing
intervened, calling the sale "kowtowing" to the United States.

AP_JvW

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