{"id":13894,"date":"2026-02-25T11:04:13","date_gmt":"2026-02-25T15:04:13","guid":{"rendered":"https:\/\/iamovers.org\/?post_type=news&#038;p=13894"},"modified":"2026-02-25T11:04:14","modified_gmt":"2026-02-25T15:04:14","slug":"maersk-and-msc-take-over-panama-ports","status":"publish","type":"news","link":"https:\/\/iamovers.org\/news\/maersk-and-msc-take-over-panama-ports\/","title":{"rendered":"Maersk and MSC Take Over Panama Ports"},"content":{"rendered":"\n<p><em>Giant shipping lines Maersk and MSC have taken over operations of two key ports on the Panama Canal after Panama\u2019s Supreme Court annulled a contract with\u00a0conglomerate Hong Kong-based CK Hutchison Holdings.<\/em><\/p>\n\n\n\n<p><a href=\"https:\/\/www.ft.com\/content\/a2a97a04-b8bd-4088-8f58-ac17adb9bf85\">The Financial Times<\/a> reported that the Panamanian government formally assumed control of the Balboa and Crist\u00f3bal port facilities, including cranes, vehicles, computer systems and software, until a new concession is awarded in the next 18 months.&nbsp;Under the plan, AP M\u00f8ller-Maersk will oversee the Balboa port on the Pacific side of the canal, while MSC will run the Crist\u00f3bal port on the Atlantic side.<\/p>\n\n\n\n<p>Hutchison has&nbsp; taken up arbitration&nbsp;following the Supreme Court ruling, and Chinese authorities have warned that Panama will pay a \u201cheavy price\u201d for the decision.&nbsp;The company said it had not consented to the use of any of its equipment and had received no compensation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Giant shipping lines Maersk and MSC have taken over operations of two key ports on the Panama Canal after Panama\u2019s Supreme Court annulled a contract with\u00a0conglomerate Hong Kong-based CK Hutchison Holdings. The Financial Times reported that the Panamanian government formally assumed control of the Balboa and Crist\u00f3bal port facilities, including cranes, vehicles, computer systems and [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_piecal_is_event":false,"_piecal_start_date":"","_piecal_end_date":"","_piecal_is_allday":false,"footnotes":""},"news-category":[31],"class_list":["post-13894","news","type-news","status-publish","hentry","news-category-industry-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/news\/13894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/comments?post=13894"}],"version-history":[{"count":1,"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/news\/13894\/revisions"}],"predecessor-version":[{"id":13895,"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/news\/13894\/revisions\/13895"}],"wp:attachment":[{"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/media?parent=13894"}],"wp:term":[{"taxonomy":"news-category","embeddable":true,"href":"https:\/\/iamovers.org\/wp-json\/wp\/v2\/news-category?post=13894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}