U.S. Raises Concerns Over China's Detention of Panama-Flagged Vessels Amid Legal Dispute
The U.S. Secretary of State, Marco Rubio, has expressed serious concerns regarding China's detention of Panama-flagged vessels. This action follows a Panamanian court ruling that invalidated a 1997 concession allowing Hong Kong-based CK Hutchison to operate key terminals at the Panama Canal. The U.S. Federal Maritime Commission is closely monitoring the situation, noting a significant increase in detentions since March 8, with nearly 70 vessels affected. The detentions are seen as a response to the court's decision, which China has opposed, labeling it an 'act of bad faith.' CK Hutchison has rejected the ruling and initiated an international arbitration case against Panama, seeking over $2 billion in damages.