APM Terminals steps up with offer to temporarily run Hutchison’s Panamanian ports

Following last week’s decision by Panama’s Supreme Court to annul concession contracts held by a CK Hutchison unit for the Balboa and Cristobal terminals, Maersk-controlled APM Terminals has stepped into the breach. The Danish port operator has signalled its willingness to assume temporary operation of Balboa and Cristobal to safeguard trade flows – but only …