Cosco Shipping has suspended its use of the Port of Balboa, halting all arrivals and departures at the terminal. The decision was communicated to clients in a notice issued on March 10. Cosco also clarified that it is not considering… Read More »Cosco Suspends Balboa Port Operations; Remains in Panama
APM Terminals and Terminal Investment Limited (TiL) took over operations at Balboa and Cristóbal ports 🏗️ this Monday, the 2nd and 5th largest container ports on the Panama Canal. This to provide continuity of operations following the annuled concession contract of Panama… Read More »APM Terminals & TiL (MSC) Take Over Operations at Key Canal Ports
Hong Kong’s CK Hutchison says its $23 billion ports sale, including two key Panamanian ports, will not close this year as it awaits Beijing’s approval for the transaction with a BlackRock-led consortium. The deal, announced in March, would transfer 43… Read More »CK Hutchison: No Panama Ports Deal This Year
U.S. investment firm BlackRock has reached an “in principle” agreement with Hong Kong based CK Hutchison to buy two major Panama Canal ports. It will acquire a 90% stake of Panama Ports Company (PPC), which owns and operates the Ports… Read More »BlackRock & MSC to buy Panama Canal Ports from Hutchison