China is detaining Panama-flagged ships at record rates after Panama stripped a Chinese firm of two canal ports. Inside a quiet war over global trade.
Markets · Trade
—The trigger. Panama stripped a Hong Kong company of two ports at the ends of the Panama Canal.
—The response. China began detaining ships flying Panama’s flag at its ports in record numbers.
—The scale. In April alone, China held one hundred and thirty-six Panama-flagged vessels, many times the usual rate.
—The waterway. The canal carries roughly six per cent of world trade between two oceans.
It follows a contentious decision from Panama's top court to rule against a Hong Kong-backed firm’s right to operate two key…
The Panama Canal has been thrust into the middle of a power struggle between the U.S. and China, the world's two largest…
Rising tensions over Panama Canal prompt US-China showdown in global shipping power struggle.
China has detained nearly 70 Panamanian-flagged ships after Supreme Court ruling on Panama Canal, US officials say.
The simmering dispute has become a geopolitical flashpoint between Washington and Beijing, with Panama caught in the crossfire.
Panama’s attorney general says inquiry into alleged wrongdoing by CK Hutchison unit that runs two Panama Canal ports is ‘not a…
