Panama urges Chinese shipping giant Cosco to resume operations at canal

Panama's government has urged Chinese shipping giant Cosco to reconsider its decision to suspend operations at the Balboa port amid geopolitical tensions linked to CK Hutchison Holdings and the Panama Canal. The suspension has caught Panamanian officials off guard, as Cosco's cargo is considered critical to the canal's operations. The development reflects growing geopolitical pressures affecting global shipping routes and Chinese corporate presence in Latin America.