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Panama Pushes Chinese Carrier COSCO to Restart Pacific Port Services
Businessstraits-timestico-times1d ago2 sources

Panama Pushes Chinese Carrier COSCO to Restart Pacific Port Services

Panama’s government asked Chinese shipping giant COSCO Shipping to reconsider its suspension of operations at the Balboa port at the Pacific entrance to the Panama Canal. Minister for Canal Affairs Jose Ramon Icaza said the decision caught authorities by surprise and expressed hope the company would return. The request follows COSCO Shipping Lines’ notice to […] The post Panama Pushes Chinese Carrier COSCO to Restart Pacific Port Services appeared first on The Tico Times | Costa Rica News | T...

Chinese Shipping Giant Suspends Operations at Panama Canal
Businesshk-free-presstico-times4d ago2 sources

Chinese Shipping Giant Suspends Operations at Panama Canal

Chinese shipping giant COSCO Shipping has halted arrivals and departures at Balboa port, the Pacific entrance to the Panama Canal. The state-owned company from Shanghai issued the order in a client notice dated March 10. All confirmed bookings at the terminal now face cancellation. Clients must contact sales representatives for alternative arrangements. The notice, published […] The post Chinese Shipping Giant Suspends Operations at Panama Canal appeared first on The Tico Times | Costa Rica N...

Panama’s Tourism Surge in 2025 Puts Costa Rica on Notice
Businesstico-times5d ago

Panama’s Tourism Surge in 2025 Puts Costa Rica on Notice

Panama recorded 3,004,266 international visitors in 2025. That total marks an 8.2 percent rise from the year before, according to figures released by the Panama Tourism Authority. Air arrivals at Tocumen International Airport led the gains, reaching 2,244,078 travelers for a 10 percent increase. Cruise ports handled 344,408 passengers, up 11.5 percent. The Paso Canoas […] The post Panama’s Tourism Surge in 2025 Puts Costa Rica on Notice appeared first on The Tico Times | Costa Rica News | Tra...

CK Hutchison subsidiary seeks US$2 billion for Panama’s takeover of canal ports
BusinessSCMP8d ago

CK Hutchison subsidiary seeks US$2 billion for Panama’s takeover of canal ports

A subsidiary of Hong Kong conglomerate CK Hutchison Holdings is seeking US$2 billion in damages from the Panamanian government over what it described as the “illegal takeover” of the operations of two ports at either end of the strategic canal. In a statement issued on Friday, the Panama Ports Company (PPC) said it had submitted the claim for arbitration against the country under the rules of the International Chamber of Commerce, vowing it would not “relent” or seek “token relief” for the...