APM Terminals Ready to Step In at Panama Canal Ports

After Panama’s Supreme Court last week annulled concession agreements held by a CK Hutchison subsidiary for the Balboa and Cristobal terminals, Maersk-controlled APM Terminals has indicated it may take on a temporary role in operating the facilities.

The Danish terminal operator said it would be prepared to assume interim management of the ports in order to protect trade continuity, but only once the court’s ruling becomes final and legally binding.

APM Terminals has already expanded its presence in the country, having acquired the Panama Canal Railway Company last year. The company operates a 76-kilometer rail line running alongside the Panama Canal.

Panama Ports Company (PPC), which is controlled by Hong Kong-based CK Hutchison, has criticized the Supreme Court decision, arguing it conflicts with the legal framework supporting terminal operations. The Hong Kong government has also expressed opposition to the ruling.

Panamanian President José Raúl Mulino sought to reassure stakeholders, stating last week that the nation’s ports “will operate without disruption.”

The court decision comes amid heightened US-China tensions over key global trade routes, alongside a stalled effort by CK Hutchison to sell its entire ports business, a move that has drawn attention and concern from both Beijing and Washington.