Panama Takes Control of Canal Ports After Court Cancels CK Hutchison Concessions

Panama's Supreme Court annulled contracts held by CK Hutchison's subsidiary, Panama Ports Company, ending its nearly 30-year concession to operate the Balboa and Cristobal ports on the Panama Canal. Following the ruling, Panamanian authorities took control of the ports to ensure uninterrupted operations, with the government stating the takeover is temporary and compensation will be provided. CK Hutchison called the actions unlawful and raised concerns about operational risks, while Hong Kong's government urged respect for contracts. The dispute reflects broader US-China tensions over the strategic waterway.