CK Hutchison’s Panama unit slaps arbitration against Maersk over port control
- PPC has filed arbitration against Maersk in London, alleging the Danish carrier conspired with Panama to take over its port operations under a ‘pre-arranged’ concession
- PPC claims Maersk breached a long-term contract granting it exclusive use of PPC’s facilities and access to proprietary operational data
- Maersk confirmed the arbitration but said it does not believe it is liable for the claims
CK Hutchison is now fighting on two fronts, pursuing separate arbitrations against both Panama and Maersk over the seizure of its canal ports
