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China detaining Panama-flagged ships amid battle over port control, FMC says
Nearly 70 Panama-flagged vessels have been detained in Chinese ports since early March amid geopolitical tensions following Panama's court ruling on port concessions.
- On Thursday, the Federal Maritime Commission said it is "closely monitoring" a surge in detentions of Panama-flagged vessels in China, with Chairman Laura DiBella stating the rate far exceeds historical norms.
- The detentions appear tied to Panama's Supreme Court invalidating a 1997 concession that allowed Hong Kong-based CK Hutchison to operate Balboa and Cristobal terminals at the Panama Canal.
- Nearly 70 ships have been detained since March 8 according to Lloyd's List Intelligence, with China allegedly using informal directives to punish Panama after transferring port assets to Maersk APM Terminals.
- The dispute has complicated CK Hutchison's planned $23 billion sale of its global ports business, while the company escalated arbitration claims against Panama to over $2 billion.
- Commissioner DiBella stated the FMC is empowered to investigate whether foreign government practices harm U.S. trade, as China's Ministry of Transport summoned Maersk and MSC to Beijing for discussions.
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41 Articles
The Epoch Times
Nemos News NetworkUS Monitoring Surge in China’s Detention of Panama-Flagged Vessels
The U.S. Federal Maritime Commission on March 26 accused China of detaining Panama-flagged vessels in response to Panama’s termination of Hong Kong-based CK Hutchison’s concessions for two key ports. Panama’s Supreme Court ruled in late January that the concessions held by Panama Ports Company, a unit of CK Hutchison, for the Balboa and Cristobal terminals in the Panama Canal were unconstitutional. The ruling followed an audit by Panama’s comptr…
By Elizabeth González and Anabella González, CNN en Español The United States denounced on Thursday that China is carrying out “represals” against Panama that affect global shipping, as tensions increase around two ports on the Panama Canal that were operated by a Chinese capital company whose contract was recently cancelled.
U.S. Accuses China of Detaining Panama-Flagged Vessels
U.S. Federal Maritime Commission (FMC) Chairman Laura DiBella on Thursday warned that the FMC is closely monitoring a surge in detentions of Panama-flagged vessels by Chinese authorities after the Panamanian Supreme court annulled contracts that gave Hong Kong-based CK Hutchison control of two key Panama Canal ports. The post U.S. Accuses China of Detaining Panama-Flagged Vessels After Canal Port Court Ruling appeared first on Breitbart.
Washington and Madrid. The United States accused China on Thursday of holding ships under Panamanian flag in its ports, following the recent ruling of the Supreme Court that annulled the concession of two ports in the canal to a Chinese company. The Asian country rejected the allegations. “China has imposed a drastic increase in the arrests of Panamanian-flagged ships in Chinese ports under the pretext of controlling the port State, far above hi…
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