Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
China summons Maersk, MSC on ‘shipping operations’ amid Panama saga, Iran war shock | South China Morning Post
China’s Ministry of Transport has summoned two maritime giants – Maersk and Mediterranean Shipping Company (MSC) – for talks on “international shipping operations” amid legal disputes over the Panama Canal, a vital artery for global trade.
No further details were provided in the one-sentence statement, which was posted on the ministry’s website on Tuesday. But in China, government summons often serve as a warning and, if ignored, could lead to further action.
The move came as mounting geopolitical shocks – from Panama to the US-Israeli war with Iran – have severely affected shipping firms and port operators.
Advertisement
In late February, Panamanian authorities handed temporary control of two ports – previously run by CK Hutchison’s Panama Ports Company (PPC) – to Maersk’s APM Terminals and MSC’s Terminal Investment, respectively. The decision followed a court ruling that voided CK Hutchison’s long-term port concession, granted in the 1990s, as “unconstitutional”.
CK Hutchison, the Hong Kong-based conglomerate, has launched legal proceedings against the Panamanian government over the seizure of the two ports – Balboa and Cristobal – calling the takeovers “illegal”, according to a statement issued on Friday.
Advertisement
PPC has also filed for international arbitration against the government under International Chamber of Commerce rules, seeking at least US$2 billion in damages, the statement said.
Following the takeover, Beijing said it would resolutely safeguard the legitimate rights and interests of its enterprises.