What’s behind plan to adopt multi-operator model for Panama Canal ports?

South China Morning PostCenter-RightEN 1 min read 100% complete by Matthew ChengFebruary 7, 2026 at 02:00 AM

AI Summary

short article 1 min

Panama intends to implement a multi-operator model for its canal ports after its Supreme Court nullified the concession of Panama Ports Company (PPC), a subsidiary of Hong Kong's CK Hutchison, to operate the Balboa and Cristobal terminals. The PPC had managed these ports since 1997, with a renewed contract in 2021. This decision follows reported pressure from the US and aims to mitigate geopolitical risks. President Mulino stated Panama would not grant single-company concessions again. Beijing criticized the court's decision and pledged to protect Chinese enterprises' rights, but Mulino asserted Panama's sovereignty against threats from any country.

Key Entities & Roles

Key Player Opposition Context

Cristobal 50% Balboa 50% China 50% Beijing 60% Supreme Court of Justice 60% Li Ka-shing 60% Jose Raul Mulino ×270% Hong Kong ×270% United States 70% Panama Ports Company (PPC) ×280% CK Hutchison 80% Panama ×490%

Keywords

panama canal 100% multi-operator model 90% port concession 80% geopolitical risks 70% ck hutchison 60% us pressure 60% hong kong 50% panama ports company 50% china 40%