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In a nutshell: CK Hutchison’s Panama unit has launched London arbitration against Mærsk over Balboa, but the conspicuous absence of any claim against MSC’s TiL at Cristobal tells us as much about the $22.8bn ports deal agreed in principle a year ago as it does about the Canal.

Panama Ports Company (PPC) launched arbitration proceedings against Mærsk in London on Tuesday, alleging the Danish carrier “undermined the contract and aligned with the Republic of Panama in connection with its State ...

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