Panama Launches Probe into Chinese Port Operator as Trump Warns of Canal Takeover
2025-01-21
Fortune
In a significant move, Panama has initiated an audit of Panama Ports, a subsidiary of CK Hutchison Holdings owned by Hong Kong billionaire Li Ka-shing. The audit team was dispatched on Monday to scrutinize the operations of the Chinese port operator. This development comes amidst escalating tensions, with US President Trump threatening to reclaim the canal. The probe is likely to impact the future of Panama's port operations and its relationship with China. With global trade and shipping at stake, the outcome of this audit is being closely watched. Key issues include port management and economic implications.
