The Panama Supreme Court’s decision to invalidate Hong Kong-based CK Hutchison’s contract to operate the ports at both ends of the Panama Canal has weakened Beijing’s control over the key waterway, but the process may drag out as the Chinese regime fights to maintain its influence in the region, according to analysts.
Panama’s Supreme Court ruled on Jan. 29 that the concession held by Panama Ports Company, a subsidiary of CK Hutchison Holdings, is unconstitutional.
Panamanian President José Raúl Mulino said at a press conference on Jan. 30 that APM Terminals, a port operator under the Maersk Group, will temporarily take over operations at the two ports. Mulino also said the ports will continue to operate without interruption or layoffs….
China’s Influence in Panama Weakens as Court Cancels Hong Kong Company’s Canal Contracts
