CK Hutchison says ‘forced termination’ of Panama ports cut 1% off throughput

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CK Hutchison Holdings reported that the forced termination of operations at two Panama Canal ports by the Panama government reduced their overall throughput by 1% in the first half of the year. Despite this, the company's overall port portfolio outperformed the previous year.

CK Hutchison Holdings has revealed the “forced termination” of operations at two strategic Panama Canal ports shaved 1 per cent off overall throughput in the first half of this year, even as the overall port portfolio performed better than a year ago. In its half-year financial results released on Thursday, the Li Ka-shing family-backed conglomerate for the first time quantified the impact of losing the ports after the Panama government nullified an operating contract and then took over the...