PANAMA CITY, Mar 11 (AFP): Chinese shipping giant Cosco said Tuesday that it is suspending operations at a Panama Canal port amid an ongoing row between the United States and China over the waterway's oversight.
Cosco, which owns one of the world's largest fleets of tankers, is targeting the Pacific Ocean port of Balboa, which Panamanian authorities took back under their control on February 23.
Panama also retook control of the Atlantic Ocean port of Cristobal after a court annulled a contract that had allowed a subsidiary of Hong Kong-based CK Hutchison Holdings to operate both terminals since 1997.
Last year, 38 per cent of the containers that passed through the Panama Canal went through these two ports.
China threatened Panama with payback after the court's decision.
Chinese co Cosco suspends operations at Panama Canal
FE Team | Published: March 12, 2026 00:25:30
Chinese co Cosco suspends operations at Panama Canal
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