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Hutchison Makes Overtures to Panama for Negotiations Over Terminal Ops
Hong Kong-based CH Hutchison is reported to have made a formal request to the government of Panama for negotiations over the operations of the terminals at each end of the Panama Canal. In statements made by the company on Panamanian radio, the company indicated it was fully prepared to “renegotiate absolutely everything” related to its concession to operate the terminals in Balboa and Cristobal.
Since it was announced last month that Panama’s Supreme Court had ruled the law that established the concession was unconstitutional, Hutchison has alternated between statements defending its operations and threatening various legal actions. The governments of Hong Kong and China have also strongly condemned Panama’s actions while saying they were politically motivated.
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