Hong Kong conglomerate says Panama Canal ports seized by authorities

CK Hutchison says the Panamanian government has taken ‘administrative and operational control’ of its two ports on the canal.

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The government of Panama has seized control of two ports on either end of the Panama Canal from a Hong Kong conglomerate following a recent ruling by the country’s Supreme Court.

Hong Kong’s CK Hutchison said on Tuesday that Panama’s government had “made direct physical entry into the terminals at Balboa and Cristobal” and assumed “administrative and operational control” over the two ports on the Panama Canal.