"Panama Ports Company (PPC), a subsidiary of Hong Kong’s CK Hutchison, has filed arbitration against Maersk, accusing the Danish group of seeking to replace its operations in the Panama Canal. The legal proceedings go alongside an existing case Hutchison has launched against the Panamanian government over the decision earlier this year to scrap its concessions for two terminals in the Central American republic.
“Maersk undermined the contract and aligned with the Republic of Panama in connection with its State campaign against PPC and scheme to replace it through a takeover that installed new port operators,” PPC said." Read the original story at: Splash247.
Source: Splash247