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CK Hutchison says Panama seizes Balboa, Cristóbal terminals, halts operations

By MLex Staff ( February 24, 2026, 07:32 GMT | Insight) -- CK Hutchison said Tuesday that Panama has seized control of its Balboa and Cristóbal port terminals, forcing its unit to halt operations and deepening a dispute already in arbitration. Panama confirmed it has assumed control following a Supreme Court ruling striking down the concession, and approved temporary contracts with APM Terminals Panama and TIL Panama to keep the ports operating.Panama has seized control of CK Hutchison’s Balboa and Cristóbal terminals, forcing the company’s unit, PPC, to halt operations and deepening a dispute that is already the subject of arbitration, the Hong Kong-listed conglomerate said Tuesday....

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