Market Chatter: COSCO Shipping Suspends Services at Panama's Balboa Port

MT Newswires Live

03/11

China COSCO Shipping suspended services at the Balboa port in Panama, Bloomberg News reported, citing local news outlet La Prensa.

The suspension came after Beijing asked Chinese shipping companies to reroute cargo away from Panama and for state firms to stop new projects in the country, the report said.

China warned against the forced takeover of two facilities held by a unit of CK Hutchison Holdings (HKG:0001) at the Balboa port. Panama's Supreme Court annulled the Hong Kong-listed company's contract for the facilities' operation, the report said.

Panama handed the operations of the terminals in Balboa and Cristobal to Maersk's unit, APM Terminals, and MSC Mediterranean Shipping.

Cosco did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Panama's Supreme Court annulled the Hong Kong-listed company's contract for the facilities' operation, the report said.</p><p>Panama handed the operations of the terminals in Balboa and Cristobal to Maersk's unit, APM Terminals, and <a href=\"https://laohu8.com/S/NPW.SI\">MSC</a> Mediterranean Shipping.</p><p>Cosco did not immediately respond to MT Newswires' request for comment.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. 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Panama's Supreme Court annulled the Hong Kong-listed company's contract for the facilities' operation, the report said.</p><p>Panama handed the operations of the terminals in Balboa and Cristobal to Maersk's unit, APM Terminals, and <a href=\"https://laohu8.com/S/NPW.SI\">MSC</a> Mediterranean Shipping.</p><p>Cosco did not immediately respond to MT Newswires' request for comment.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1571399168.USD","symbol_name":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2618163579","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2618163579","pubTimestamp":1773212466,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Panama's Supreme Court annulled the Hong Kong-listed company's contract for the facilities' operation, the report said.Panama handed the operations of the terminals in Balboa and Cristobal to Maersk's unit, APM Terminals, and MSC Mediterranean Shipping.Cosco did not immediately respond to MT Newswires' request for comment.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"513600":"恒生指数ETF南方","601919":"中远海控","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","BK1500":"做空集合股","LU0072462343.USD":"贝莱德亚洲巨龙基金","BK1521":"挪威政府全球养老基金持仓","BK1569":"长和系","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","BK1601":"香港本地股","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","01919":"中远海控","02833":"恒指ETF","BK1230":"工业集团企业"},"translate_title":"市场热议：中远海运暂停巴拿马巴尔博亚港服务","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"513600":0.6,"601919":1.88,"HHImain":0.6,"MHImain":0.6,"01919":1.88,"02833":0.6,"MCHmain":0.6},"content_text":"China COSCO Shipping suspended services at the Balboa port in Panama, Bloomberg News reported, citing local news outlet La Prensa.The suspension came after Beijing asked Chinese shipping companies to reroute cargo away from Panama and for state firms to stop new projects in the country, the report said.China warned against the forced takeover of two facilities held by a unit of CK Hutchison Holdings (HKG:0001) at the Balboa port. Panama's Supreme Court annulled the Hong Kong-listed company's contract for the facilities' operation, the report said.Panama handed the operations of the terminals in Balboa and Cristobal to Maersk's unit, APM Terminals, and MSC Mediterranean Shipping.Cosco did not immediately respond to MT Newswires' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}