COSCO Shipping said it will stop calling at Panama’s Port of Balboa, according to a notice shared with La Prensa, following Panama’s move to retake control of key canal ports.
CK Hutchison says Panama Ports Company began arbitration under ICC rules after Panama’s Supreme Court ruled the Balboa and Cristóbal port concession “unconstitutional.”
Panama has unveiled an US $8.5 billion schedule to strengthen the canal’s resilience, expand water capacity, and modernise infrastructure amid growing global trade and climate challenges.
The Panama Canal Authority has launched a new NetZero Slot for low-emission ships, giving priority access to greener vessels as part of its 2050 net-zero strategy.
