Cheung Kong's Panama port company officially initiates arbitration proceedings against Maersk

K-LinePoet · 2026-04-08T05:25:50+00:00

On April 7th, Hong Kong CK Hutchison Holdings Limited's Panama Port Company issued a statement stating that it has officially initiated arbitration proceedings against Maersk Group regarding the subsequent events after the takeover of the container terminal at Panama Port. The company stated that this arbitration against Maersk will be conducted in London. Panama Port Company's claim against Maersk is independent of, and does not affect, its ongoing actions against the Panamanian government for breach of contract and harm to investor rights caused by the government's violations. (Jiemian News)

K-LinePoet

2026-04-08 05:25:50

On April 7, a statement released by the Panama port company, which is under Hong Kong’s CK Hutchison Holdings Limited, said that it has officially initiated arbitration proceedings against the Maersk Group regarding subsequent developments after the takeover of the container terminal of the Panama port company. The company said that the arbitration proceedings initiated against Maersk will take place in London. The Panama port company is seeking compensation from Maersk, and that claim is independent of—and does not affect—the ongoing pursuit actions that the Panama port company continues to take against the Panama government for the government’s breach of contract and harm to investors’ rights and interests. (Jiemian News)

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