Panama government urges Cosco to resume operations at Balboa port

Panama government urges Cosco to resume operations at Balboa port

The Panamanian government has requested Chinese shipping giant Cosco to reconsider its decision to suspend operations at the Balboa port, a vital terminal for the Panama Canal. Minister Jose Ramon Icaza highlighted the significance of Cosco's cargo for Panama and expressed the hope that Cosco would reverse its decision. The suspension was reportedly linked to geopolitical tensions involving Hong Kong's CK Hutchison Holdings.