US EditionUS and Five Countries Back Panama After China Ship Detentions
The six countries said China’s actions against nearly 70 Panama-flagged ships amount to targeted economic pressure and threaten maritime trade.
- On Tuesday, the United States, Bolivia, Costa Rica, Guyana, Paraguay, and Trinidad and Tobago issued a joint statement condemning China's "targeted economic pressure" on Panamanian-flagged vessels following a court ruling.
- The diplomatic support follows the Supreme Court of Panama's January decision to annul contracts held by a subsidiary of Hong Kong-based CK Hutchison to operate Balboa and Cristobal terminals at the Panama Canal.
- China detained nearly 70 Panamanian-flagged ships in March, according to the Federal Maritime Commission, a number described as "far exceeding historical norms" by the agency. Federal Maritime Commission head Laura DiBella warned these actions threaten United States containerized trade.
- CK Hutchison launched an international arbitration case seeking more than $2 billion in damages, while Beijing summoned representatives from Maersk and the Mediterranean Shipping Company for "high-level discussions" regarding terminal contracts.
- US Secretary of State Marco Rubio said Washington is "deeply concerned" by China's economic pressure on Panama, as analysts warn that global shipping lanes are increasingly becoming pawns in international politics.
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45 Articles
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US & Five Nations Accuse China of Retaliating Against Panama Over Canal Ports
Already a subscriber? Make sure to log into your account before viewing this content. You can access your account by hitting the “login” button on the top right corner. Still unable to see the content after signing in? Make sure your card on file is up-to-date. The US and five Latin American nations have issued a joint statement condemning China for using economic pressure against Panama. Some shit you should know before you dig in: Ba…
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By Gonzalo Zegarra, CNN en Español. The United States and several allies in the region issued a joint statement in support of Panama's sovereignty in the face of what they called "selective economic pressure from China," stating that any attempt to undermine it is a threat to all signatories. "The freedom of our region is non-negotiable," reads the statement published by the U.S. State Department and also signed by Bolivia, Costa Rica, Guyana, P…
US, Allies Issue Joint Statement Backing Panama Against China’s Economic Pressure
The United States and five Latin American and Caribbean nations issued a joint statement on April 28 backing Panama over China’s retaliatory measures after the Central American nation terminated concessions held by Hong Kong-based CK Hutchison to operate two Panama Canal ports. In the statement, the United States, Bolivia, Costa Rica, Guyana, Trinidad and Tobago, and Paraguay said they were closely monitoring what they described as China’s “econ…
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