PANAMA CITY: A subsidiary of Hong Kong conglomerate CK Hutchison said on Tuesday (Apr 7) it filed an arbitration against shipping giant Maersk, accusing the Danish group of seeking to replace its operations in the Panama Canal.The Panama Ports Company said in a statement that Maersk broke a contract by siding

The Panama Ports Company (PPC) said Maersk broke a contract by siding with Panamanian authorities in a dispute over the Panama Canal, which saw a court annul PPC's rights to manage two key ports in the crucial waterway.

PANAMA CITY, April 7 : Hong Kong-based conglomerate CK Hutchison's Panama unit has launched an arbitration against Maersk after the takeover of two strategic ports near the Panama Canal which are at the center of a legal battle that has embroiled Beijing and Washington.In a statement, Panama Ports Company (PP

PANAMA CITY, April 7 : Hong Kong-based conglomerate CK Hutchison's Panama unit has launched an arbitration against Maersk after the takeover of two strategic ports near the Panama Canal at the center of a legal battle that has embroiled Beijing and Washington.Panama Ports Company (PPC) said in a statement Mae