CK Hutchison says ‘forced termination’ of Panama ports cut 1% off throughput

CK Hutchison Holdings has revealed the “forced termination” of operations at two strategic Panama-canal" class="entity-link entity-location" data-entity-id="8414" data-entity-type="location">Panama Canal ports shaved 1 per cent off overall throughput in the first half of this year, even as the overall port portfolio performed better than a year ago.In its half-year financial results released on Thursday, the Li Ka-shing family-backed conglomerate for the first time quantified the impact of losing the ports after the Panama government nullified an operating contract and then took over the assets in late February.Overall throughput fell by 1 per cent year on year to 43.6 million TEUs, or twenty-foot equivalent units, in the six-month period.