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Panama

The latest news, analysis and opinion on Panama. In-depth analysis, industry insights and expert opinion.

Capital

Panama City

Head of State

President José Raúl Mulino

Head of Government

President José Raúl Mulino

US Secretary of Treasury Scott Bessent poses for a family photograph of G7 finance ministers and central bank governors ahead of a meeting on Tuesday. Photo: AFP

United States

US imposes fresh sanctions on Iranian exchange house, 19 ships from shadow fleet

The Treasury’s move came after Iran ‌said its latest peace proposal to the US involved ending hostilities on all fronts.

19 May 2026 - 11:37PM

2026 Xi-Trump summit

Wary mood to mark Xi-Trump summit with irritants aplenty on both sides: analysts

14 May 2026 - 1:50AMvideocam

Banking & finance

Investors bet CK Hutchison is exiting a mature sector at right time – once again

12 May 2026 - 7:00AM

South Korea

South Korea rejects Trump’s claim that ship ‘decided to go it alone’

Iran says it ‘firmly rejects and categorically denies’ allegations that it was responsible for the explosion on board the HMM Namu.

7 May 2026 - 3:18PMvideocam

The Panama-flagged HMM Namu is seen off the coast of Guangzhou, China, on January 5. Photo: HMM/Reuters

China-Latin America relations

Panama minister slams China ship crackdown, tells deputies in Beijing: push back

Foreign minister says court ruling must not be used as leverage against Panama’s merchant fleet as ship detentions mount.

6 May 2026 - 3:39AMvideocam

South Korea

South Korea rebuffs Trump’s ‘Project Freedom’ call after Hormuz ship fire

A UN mandate and a global coalition are required before Seoul joins Trump’s mission to reopen the strait, officials indicate.

6 May 2026 - 9:16AMvideocam

China-Latin America relations

Beijing backs Cuba, Chile reveals smuggling ring: Latin America relations reads

From a smuggling ring in Chile to rare earth wrangling in Brazil, here are highlights from the SCMP’s foreign correspondents in March 2026.

1 May 2026 - 11:00PM

People walk past a mural with the Cuban flag in Havana, Cuba, on April 15. Photo: EPA

Asean

Why Malacca Strait tolls are unlikely despite Indonesia’s maritime push

Indonesia, Malaysia and Singapore are united in upholding the principle of free passage but this must be ‘actively maintained’, analysts say.

28 Apr 2026 - 6:35PMvideocam

US, Israel war on Iran

Beyond Panama and Hormuz: 8 critical waterways under the global microscope

Amid US actions in the two major shipping channels, attention has shifted to the strategic importance and potential risks elsewhere.

21 Apr 2026 - 1:12AMvideocam

US, Israel war on Iran

Strait of Hormuz: is a Trump‑Iran joint venture really possible?

With regime change increasingly out of reach, the US president may pivot towards a business deal with Tehran’s fractured leadership.

9 Apr 2026 - 8:45PMvideocam

Oil tankers and cargo ships line up in the Strait of Hormuz, as seen from Khor Fakkan, United Arab Emirates last month. Photo: AP

Crime in Hong Kong

Hong Kong customs seizes HK$280,000 worth of dried shark fins from Panama

Officers say goods declared as dried fish maw and weighed about 162kg.

3 Apr 2026 - 5:53PM

Officers found six boxes of suspected scheduled dried shark fins, weighing about 162kg in a shipment from Panama. Photo: Handout

China-Latin America relations

Rubio raises concerns over China’s detention of Panama-flagged ships

Panama’s decision to strip Panama Ports Company of its concessions is a test of US backing for countries challenging China, experts say.

3 Apr 2026 - 4:35PMvideocam

China-Latin America relations

US threats for Chile, China tariffs Mexico: 7 Latin America relations reads

From Panama Canal woes to an undersea cable scandal in Chile, here are highlights from the SCMP’s foreign correspondents in March 2026.

1 Apr 2026 - 11:00PM

China-Latin America relations

China denies retaliating against Panama ships, accuses Washington of canal grab

US body says Beijing’s inspections of Panama-flagged ships exceed historical norms and may be reprisals over ousted Hong Kong operator.

1 Apr 2026 - 1:07AMvideocam

People work on a construction project at the Port of Balboa, managed by Hong Kong’s CK Hutchison Holdings, at the entrance to the Panama Canal in February. Photo: AFP

Hong Kong economy

CK Hutchison expands Panama ports claim as losses ‘surpass’ US$2 billion

Subsidiary Panama Ports Company slams Panamanian government’s ‘attack campaign’ as it expands international arbitration claim over damages.

25 Mar 2026 - 9:12PM

Panama Ports Company, a subsidiary of Hong Kong conglomerate CK Hutchison Holdings, claims Panama’s seizure of its port concessions have resulted in damages of more than US$2 billion. Photo: AP

SCMP Highlights

China’s jet designer removed online; US warships’ Malaysia stop: 7 highlights

From US warships’ stop in Penang to Jollibee representing Southeast Asian brands globally, here are highlights from SCMP’s recent reporting.

20 Mar 2026 - 1:20PM

Hong Kong economy

Panama⁠ accuses CK Hutchison subsidiary of lying about arbitration response

President Jose Raul Mulino slams Panama Ports Company for accusing country of failing to file response to arbitration request.

20 Mar 2026 - 6:37PM

Hong Kong economy

CK Hutchison vows to pursue ‘all legal remedies’ over seized Panama ports

Group says diversified network could benefit from higher storage revenue as inventory demand rises amid Strait of Hormuz crisis.

19 Mar 2026 - 10:50PM

Cristobal port was seized by Panamanian authorities in February. Photo: AFP

Hong Kong property

Hong Kong’s CK Hutchison reports 7% gain in underlying profit

Diversified business mitigates impact of adverse developments including ‘legal conflict’ over Panama ports, chairman says.

19 Mar 2026 - 6:31PM

Hong Kong stock market

China-based Cosco Shipping Ports expects ‘limited’ impact from Iran conflict

Unit of Cosco Shipping reports 1.1 per cent profit increase on 6.2 per cent rise in throughput in 2025.

18 Mar 2026 - 8:31PM

Hong Kong economy

CK Hutchison subsidiary slams Panama for missing arbitration deadline

Panama Ports Company also confirms offices were raided by alleged ‘armed security forces’ and accuses authorities of disregarding rule of law.

17 Mar 2026 - 7:37PM

Balboa port was seized by Panamanian authorities in February. Photo: AP

China trade

As shipping risks mount, Xi pushes international port alliance as fail-safe

A speech last year highlights Beijing’s focus on maritime rights – a concern analysts say will only intensify as threats to global shipping increase.

17 Mar 2026 - 12:22PM

Tensions flared between China and Panama last year over two ports, which Hong Kong-based CK Hutchison had operated on the Panama Canal for decades. Photo: AFP

China-Latin America relations

China wants Brazil’s biggest port terminal. Washington just said no

US consul-general Kevin Murakami told port executives the Santos megadeal should not fall into ‘unwanted hands’.

17 Mar 2026 - 3:12AMvideocam

China trade

Papers please: China raises pressure on Panama with ship inspection wave

Intensified inspections for Panama-flagged vessels – among the world’s most common registrations – retaliation for canal port seizure, source says.

16 Mar 2026 - 7:30PMvideocam

Hong Kong politics

Panama urges Chinese shipping giant Cosco to resume operations at canal

Minister for Canal Affairs Jose Ramon Icaza says Cosco’s 4 per cent of cargo transshipped in Balboa is ‘significant’ and hopes company returns.

15 Mar 2026 - 9:06PM

State-owned Cosco owns one of the world’s largest tanker fleets. Photo: AFP

US-China trade war

China summons Maersk, MSC on shipping operations amid Panama saga, Iran war

Beijing gave no reason for order – but both firms at centre of dispute after Panama ruled against CK Hutchison’s operation of two ports.

10 Mar 2026 - 3:11PMvideocam

The main entrance of the port of Balboa in Panama City, taken on February 12. Panama Ports Company (PPC), a subsidiary of Hong Kong conglomerate CK Hutchison Holdings, is seeking US$2 billion in damages from the Panamanian government over what it described as the “illegal takeover” of the operations of two ports at either end of the strategic canal. Photo: AFP

US, Israel war on Iran

Ships brandish China links to evade Iran’s attacks in Strait of Hormuz

Vessels are claiming to have an ‘all-Chinese crew’ or ‘Chinese owner’ in a bid to reduce the risk of being targeted.

10 Mar 2026 - 1:52AMvideocam

War and conflict

Opinion | Superpower contest puts Iran, Panama, Venezuela and Greenland on one map

When one crisis touches canal access, another hits crude and a third touches the Strait of Hormuz, it is hard to call these a coincidence.

9 Mar 2026 - 8:30PMvideocam

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Panama

US imposes fresh sanctions on Iranian exchange house, 19 ships from shadow fleet

The Treasury’s move came after Iran ‌said its latest peace proposal to the US involved ending hostilities on all fronts.

Wary mood to mark Xi-Trump summit with irritants aplenty on both sides: analysts

Investors bet CK Hutchison is exiting a mature sector at right time – once again

South Korea rejects Trump’s claim that ship ‘decided to go it alone’

Iran says it ‘firmly rejects and categorically denies’ allegations that it was responsible for the explosion on board the HMM Namu.

Panama minister slams China ship crackdown, tells deputies in Beijing: push back

Foreign minister says court ruling must not be used as leverage against Panama’s merchant fleet as ship detentions mount.

South Korea rebuffs Trump’s ‘Project Freedom’ call after Hormuz ship fire

A UN mandate and a global coalition are required before Seoul joins Trump’s mission to reopen the strait, officials indicate.

Beijing backs Cuba, Chile reveals smuggling ring: Latin America relations reads

From a smuggling ring in Chile to rare earth wrangling in Brazil, here are highlights from the SCMP’s foreign correspondents in March 2026.

Why Malacca Strait tolls are unlikely despite Indonesia’s maritime push

Indonesia, Malaysia and Singapore are united in upholding the principle of free passage but this must be ‘actively maintained’, analysts say.

Beyond Panama and Hormuz: 8 critical waterways under the global microscope

Amid US actions in the two major shipping channels, attention has shifted to the strategic importance and potential risks elsewhere.

Strait of Hormuz: is a Trump‑Iran joint venture really possible?

With regime change increasingly out of reach, the US president may pivot towards a business deal with Tehran’s fractured leadership.

Hong Kong customs seizes HK$280,000 worth of dried shark fins from Panama

Officers say goods declared as dried fish maw and weighed about 162kg.

Rubio raises concerns over China’s detention of Panama-flagged ships

Panama’s decision to strip Panama Ports Company of its concessions is a test of US backing for countries challenging China, experts say.

US threats for Chile, China tariffs Mexico: 7 Latin America relations reads

From Panama Canal woes to an undersea cable scandal in Chile, here are highlights from the SCMP’s foreign correspondents in March 2026.

China denies retaliating against Panama ships, accuses Washington of canal grab

US body says Beijing’s inspections of Panama-flagged ships exceed historical norms and may be reprisals over ousted Hong Kong operator.

CK Hutchison expands Panama ports claim as losses ‘surpass’ US$2 billion

Subsidiary Panama Ports Company slams Panamanian government’s ‘attack campaign’ as it expands international arbitration claim over damages.

China’s jet designer removed online; US warships’ Malaysia stop: 7 highlights

From US warships’ stop in Penang to Jollibee representing Southeast Asian brands globally, here are highlights from SCMP’s recent reporting.

Panama⁠ accuses CK Hutchison subsidiary of lying about arbitration response

President Jose Raul Mulino slams Panama Ports Company for accusing country of failing to file response to arbitration request.

CK Hutchison vows to pursue ‘all legal remedies’ over seized Panama ports

Group says diversified network could benefit from higher storage revenue as inventory demand rises amid Strait of Hormuz crisis.

Hong Kong’s CK Hutchison reports 7% gain in underlying profit

Diversified business mitigates impact of adverse developments including ‘legal conflict’ over Panama ports, chairman says.

China-based Cosco Shipping Ports expects ‘limited’ impact from Iran conflict

Unit of Cosco Shipping reports 1.1 per cent profit increase on 6.2 per cent rise in throughput in 2025.

CK Hutchison subsidiary slams Panama for missing arbitration deadline

Panama Ports Company also confirms offices were raided by alleged ‘armed security forces’ and accuses authorities of disregarding rule of law.

As shipping risks mount, Xi pushes international port alliance as fail-safe

A speech last year highlights Beijing’s focus on maritime rights – a concern analysts say will only intensify as threats to global shipping increase.

China wants Brazil’s biggest port terminal. Washington just said no

US consul-general Kevin Murakami told port executives the Santos megadeal should not fall into ‘unwanted hands’.

Papers please: China raises pressure on Panama with ship inspection wave

Intensified inspections for Panama-flagged vessels – among the world’s most common registrations – retaliation for canal port seizure, source says.

Panama urges Chinese shipping giant Cosco to resume operations at canal

Minister for Canal Affairs Jose Ramon Icaza says Cosco’s 4 per cent of cargo transshipped in Balboa is ‘significant’ and hopes company returns.

China summons Maersk, MSC on shipping operations amid Panama saga, Iran war

Beijing gave no reason for order – but both firms at centre of dispute after Panama ruled against CK Hutchison’s operation of two ports.

Ships brandish China links to evade Iran’s attacks in Strait of Hormuz

Vessels are claiming to have an ‘all-Chinese crew’ or ‘Chinese owner’ in a bid to reduce the risk of being targeted.

.css-1pcrwvc{color:#2aa191;}Opinion | Superpower contest puts Iran, Panama, Venezuela and Greenland on one map

When one crisis touches canal access, another hits crude and a third touches the Strait of Hormuz, it is hard to call these a coincidence.

Opinion | Superpower contest puts Iran, Panama, Venezuela and Greenland on one map