Maersk Unit Takes Over CK Hutchison Panama Ports After Court Ruling
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Panama has appointed a unit of Danish firm Maersk to temporarily run two strategic ports previously operated by CK Hutchison Holdings Ltd., following a Supreme Court ruling that declared the Hong Kong conglomerate’s contract unconstitutional.
The Panama Maritime Authority described the appointment of A.P. Moller (APM Terminals) to manage the Cristobal and Balboa ports as a “technical operational transition plan” designed to ensure uninterrupted global logistics.
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