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Bond Market News
CK Hutchison May Pursue Legal Route Amid Panama Ports Issue
March 20, 2026
CK Hutchison is pursuing all available legal remedies through both national and international proceedings after Panama’s authorities seized control of its two Panama Canal ports in February. Panama’s top court had declared the concession held by its subsidiary Panama Ports Company (PPC), unconstitutional. PPC is now seeking at least $2bn in compensation and has initiated international arbitration in New York and a separate claim under the UK-Panama bilateral investment treaty. The seizure has further complicated CK Hutch’s already delayed $23bn deal to sell 43 global port assets to a consortium led by BlackRock and MSC. The sale, announced in early 2025, has faced regulatory pushback from Beijing, with reports suggesting Chinese regulators want a larger role for state-owned COSCO in any arrangement involving the canal terminals. The company confirmed it is in discussions with the original consortium members as well as new financial and strategic investors, including one from China.
CK Hutch’s dollar bonds traded stable, with its 3.5% 2027s at 99.2, yielding 4.34%
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