WSJ: Shipping tycoons discuss separating Panama ports from Hutchison deal
WSJ reports: The billionaires behind the MSC shipping empire are discussing carving out two Panama ports ...
Panama’s comptroller has recommended that the country’s government sue civil servants who signed-off the 25-year concession extension to Hutchison-owned Panama Ports Company’s (PPC) right to operate the ports of Balboa and Cristobal, according to this report from Reuters.
The contract was extended in 2021. However, responding to intense political pressure from the US over perceived Chinese influence on the operation of the Panama Canal, the country launched an audit of the PPC contract soon after Donald Trump’s inauguration, and last month ...
Amazon pushes into LTL for small package fulfilment and UPS does a u-turn
New senior management for DSV as it readies for DB Schenker takeover
Volumes set to 'fall off a cliff' as US firms hit the brakes on sourcing and bookings
Asian exporters scramble for ships and boxes to beat 90-day tariff pause
Temporary tariff relief brings on early transpacific peak season
'Tariff madness' will prompt renegotiation of ocean shipping contracts
Forwarders 'allowing the fox into the chicken run' by supporting 'hungry' carriers
Response to tariffs by Chinese importers may see extra costs for US shippers
Comment on this article