Panama urges COSCO to resume Balboa port operations
Panama urges COSCO Shipping to resume operations at Balboa port following a surprise suspension. The company handles four percent of the port's total cargo.
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The government of Panama is urging China-based COSCO SHIPPING Ports Limited to reconsider its decision to halt operations at the Balboa port. The facility, situated at the Pacific entrance of the Panama Canal, serves as a vital hub for global maritime trade. Jose Ramon Icaza, the Panamanian minister for canal affairs, expressed concern after the shipping giant notified clients of its suspension of services at the terminal earlier this week.
