Panama’s president said ports at each end of the Panama canal would operate as usual after the country’s supreme court ruled the concession held by a subsidiary of a Chinese company was unconstitutional. The court’s decision on Thursday, which helps US attempts to block any Chinese influence over the strategic waterway, immediately drew a sharp rebuke from Beijing. José Raúl Mulino, Panama’s president, said on Friday that until the court’s ruling was executed maritime officials would work with Panama Ports Company (PPC), a subsidiary of Hong Kong’s CK Hutchison, to…
Tag: Panama canal
Panama files lawsuits against owner of ports at centre of US-China struggle
Panama’s comptroller general has lodged two cases with the country’s supreme court against the owners of two ports at the centre of a geopolitical struggle between the US and China, in a move likely to be seen as a victory for Donald Trump in his attempt to rid the Panama canal of Chinese influence. The decision follows a failed attempt to sell the ports to a consortium headed by the US investment fund BlackRock and Swiss shipping firm MSC. The two ports, at each end of the Panama Canal, were…