Summary
Panama's government has taken control of two ports on the Panama Canal from a Hong Kong company after a Supreme Court decision. The ports, Balboa and Cristobal, are now under Panamanian administration. The move follows tensions involving the U.S., China, and Panama.
Key Facts
- Panama seized two ports run by the Hong Kong company CK Hutchison.
- The Panamanian Supreme Court ruled the company’s concession to operate the ports was unconstitutional.
- Panama cited "urgent social interest" as the reason for the government's takeover.
- The maritime authority can now control port property, including systems and equipment.
- President Trump has expressed a desire for the U.S. to control the Panama Canal.
- The Hong Kong company had renewed its contract to operate the ports in 2021 for 25 more years.
- China's government criticized Panama's legal decision and warned of consequences.
- Panama's President stated that his country respects judicial decisions and is independent.
