Panama cancels CK Hutchison port concessions to hand operations over to Maersk

Panama officially revoked port concessions from CK Hutchison today to hand operations to Maersk. The transition follows a Supreme Court ruling on Monday.

Insights:
The Panamanian government PAPA has published a Supreme Court of Panama ruling in its official gazette on February 23, 2026, which cancels the concession contracts previously held by the Panama Ports Company (PPC). This publication makes the judicial decision final, prompting the Panama Maritime Authority (AMP) to immediately take possession of the Port of Balboa and the Port of Cristobal. Following this administrative action, APM Terminals Panama, part of the Danish DKDK shipping group Maersk, has been cleared to assume temporary control of the two facilities.
A drone view shows Panama Ports Company (PPC) in Panama City on February 23, 2026, after Panama's Official Gazette published a court ruling formally annulling Hong Kong's CK Hutchison Holdings concessions for two ports. REUTERS/Enea Lebrun
A drone view shows Panama Ports Company (PPC) in Panama City on February 23, 2026, after Panama's Official Gazette published a court ruling formally annulling Hong Kong's CK Hutchison Holdings concessions for two ports. REUTERS/Enea Lebrun
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