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24 Feb 2026
Panama cancels China-linked port deal, hands canal terminals to Maersk, MSC
Summary
Panama canceled port contracts held by CK Hutchison, transferring operations of the Balboa and Cristobal terminals to Maersk and MSC. The Supreme Court ruled the concessions unconstitutional, and the Panamanian government assumed control of the facilities. This move is seen as a geopolitical win for the U.S., as it reduces China’s influence over the Panama Canal.