US EditionHong Kong firm begins arbitration proceedings over ruling against its Panama Canal port contract
CK Hutchison disputes Panama Supreme Court ruling that voided its multi-decade port concession, affecting its planned $23 billion global port sale, with arbitration now underway.
- Beginning arbitration, CK Hutchison said it reserves all rights after the Panama court's January 30 ruling,
- Panama's top court voided the concession on January 29, declaring it unconstitutional and biased in favor of the company to the detriment of the state's treasury.
- Official figures show Balboa and Cristóbal handled 3.88mn TEUs in 2025, representing 39.2% of container traffic; PPC has managed the terminals since the 1990s with a 25-year extension authorized in 2021.
- Beijing's Hong Kong and Macau Affairs Office denounced the ruling as `absurd`, `shameful and pathetic` and warned Panama would `pay a heavy price`, while U.S. officials hailed it as a win for America.
- From an investment perspective, the ruling complicates CK Hutchison's proposed sale of more than 40 ports worldwide to a consortium led by BlackRock and Mediterranean Shipping Company, a $23bn transaction value, and may reduce Beijing's leverage where COSCO sought inclusion.
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Panama hits back after China warns of 'heavy price' in ports row
Panama's President Jose Raul Mulino on Wednesday rejected China's threat to make the Central American country pay a "heavy price" after a Hong Kong company was evicted from two ports on the Panama Canal.
The Government of China reacted harshly to the ruling of the Supreme Court of Panama that annulled the concession of two strategic ports of the Panama Canal operated by the Hongkonesa company CK Hutchison. Beijing warned that the Central American country will pay a high political and economic price if it does not reverse the decision.The Office of Hong Kong and Macao Affairs of the Council of State, an organ of the Chinese Executive, described t…
China Reacts Angrily To Panama Court Revoking Port Contract As Trump Moves To Dominate Hemisphere - CDM - Human Reporters • Not Machines
The Chinese government has condemned a ruling from Panama’s top court, warning the Central American country “will inevitably pay a heavy price” unless it changes course.
The Supreme Court of Panama annulled the contracts of Hong Kong port developer CK Hutchison. The company operates two ports on the Panama Canal. Beijing suspects that the US government is behind them.
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