Hong Kong-based CK Hutchison Holdings Ltd. has warned A.P. Moller-Maersk A/S that it may pursue legal action if Maersk’s terminal subsidiary proceeds with operating two Panama Canal ports without its agreement.
The move follows a ruling by Panama Supreme Court that invalidated CK Hutchison’s contract to operate the ports of Balboa and Cristobal.
Panamanian authorities have asked APM Terminals, part of Maersk, to take over operations of the two terminals on an interim basis.
CK Hutchison said it had formally notified Maersk that any assumption of operations without its consent would cause damage to the group and could lead to legal recourse against APM Terminals.
The company stated on 12 February that it had also notified the Panamanian government of a dispute under an investment protection treaty in order to safeguard its rights and interests.
It said it had invited consultations to resolve the matter and was seeking extensive damages through arbitration in response to Panama’s decision.
A spokesperson for Maersk declined to comment on the warning and referred to the company’s previous statement issued on 30 January.
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