In a significant development in global maritime operations, Panama has taken control of two crucial ports on the Panama Canal, Balboa and Cristobal, from Hong Kong-based CK Hutchison Holdings. This move follows a court ruling that annulled the company’s concessions, prompting immediate operational changes as Panama handed over control to Maersk and MSC. The decision has been met with strong protests from Hong Kong, condemning the takeover, which they perceive as a blow to their interests amidst escalating U.S.-China tensions. The takeover has been described as a culmination of a campaign against CK Hutchison, with Chinese officials stating they will protect the legitimate rights of their companies. The implications of this shift in control are being closely monitored, as Panama navigates its strategic position in global trade.