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Panama Urges COSCO to Reconsider Balboa Port Withdrawal

3/14/2026

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Summary

Story summary

Panama's government urges COSCO Shipping to reverse its Balboa port suspension.
Minister Jose Ramon Icaza says COSCO's withdrawal accounts for 4% of Balboa cargo.
The move follows a Supreme Court ruling annulling CK Hutchison's port-operations contract amid U.S.-China tensions.
CK Hutchison is exploring a deal with a consortium that may include a Chinese investor.
APM Terminals has begun temporary Balboa operations for up to 18 months.

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Story summary

Panama's government urges COSCO Shipping to reverse its Balboa port suspension.
Minister Jose Ramon Icaza says COSCO's withdrawal accounts for 4% of Balboa cargo.
The move follows a Supreme Court ruling annulling CK Hutchison's port-operations contract amid U.S.-China tensions.
CK Hutchison is exploring a deal with a consortium that may include a Chinese investor.
APM Terminals has begun temporary Balboa operations for up to 18 months.