China told Maersk and MSC to drop Panama port operations, FT reports

5 days ago 1

Rommie Analytics

April 15 (Reuters) - China has told Danish shipping group Maersk (MAERSKb.CO), opens new tab and Switzerland-based Mediterranean ​Shipping Company (MSC Shipping) to cease operating ports ‌on the Panama Canal, the Financial Times reported on Wednesday. In a meeting with China's state planner last month, ​Maersk and MSC Shipping were told to ​withdraw from the Balboa and Cristóbal ports ⁠immediately, the report said, citing two people ​familiar with the talks. Maersk and MSC were told not to "engage ​in illegal activities that harm the interests of Chinese companies, ‌and ⁠to uphold commercial ethics and international rules," the report said. Panama...
Read Entire Article