Happy Tuesday!
We love a follow-up and the drama over Panama’s bi-coastal
ports has been a real nail biter.
Earlier this year Panama’s Supreme Court ruled the CK Hutchingson Holdings
subsidiary Panama Ports Company (PPC) lease concession was unconstitutional and
have steps have been taken to reclaim the ports? Maybe!
Did anyone happen to read MSN on February 24,
2026, they had an article from Newsweek titled, “Panama Canal port
seized in blow to China”? In the
article, it speaks on how yesterday the Panamanian government has taken
possession of the ports of Balboa and Cristóbal from PPC due to the ruling in January by its Supreme
Court. Panama’s Maritime Authority has selected
Maersk’s APM Terminals as the temporary concession holder of the terminals of
Balboa and Cristóbal. China has stated they are looking into what
their recourse is for the Panama’s court’s decision. The ports were part of the property the BlackRock
consortium was purchasing, now the deal is on hold. If we hear anything else on this drama, we
will let you know. If you would like to
read more of the article from Newsweek published on MSN, please
click the link: Panama Canal ports seized in blow to China.
If you would like help in
looking into how to update your midstream terminal, contact us via email in the
Blog and check out ESC's website for contact information.
If you wondered if Lamar
High School Band has rescheduled their Mattress Sale, indeed it has the new
date is Saturday, March 21, 2026, from 10 am to 6 pm. Come on down and get a great deal and help
support the band, too.
We hope you have a wonderful evening!
**Disclaimer: You may be charged a
fee to read the article on MSN. **