The Panamanian government has asked Chinese shipping giant Cosco to reconsider its decision to suspend operations at the Balboa port amid geopolitical tensions surrounding the strategic gateway and Hong Kong’s CK Hutchison Holdings.
Panama’s Minister for Canal Affairs Jose Ramon Icaza told reporters on Friday that Cosco’s decision had caught the government off guard.
“The Cosco issue has actually taken us a bit by surprise. All cargo is important, and certainly, Cosco cargo is important for us,…
