Danish company will replace Hong Kong-based firm after Trump claimed strategic waterway was controlled by China.
Danish company will replace Hong Kong-based firm, CK Hutchison, after Trump claimed strategic waterway was controlled by China.
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Danish firm Maersk will temporarily operate two ports on the Panama Canal after a court ruled that contracts given to a Hong Kong firm were unconstitutional.
The Panama Maritime Authority (AMP) announced the changes on Friday, a day after the Central American country’s Supreme Court invalidated port contracts held by Hong Kong-based firm CK Hutchison.
The simmering dispute has become a geopolitical flashpoint between Washington and Beijing, with Panama caught in the crossfire.
The move follows Donald Trump's previous claim the US was taking the crucial Panama canal "back" from China.
Lawsuit was brought before court in 2025 as US threatened to seize control of strategic waterway.
The simmering dispute has become a geopolitical flashpoint between Washington and Beijing, with Panama caught in the crossfires.
PANAMA CITY: The Panamanian Supreme Court on Thursday annulled the concession allowing Hong Kong-based CK Hutchison to operate…
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