Anonymous ID: 45fe62 Feb. 23, 2026, 11:46 p.m. No.24300043   🗄️.is 🔗kun   >>0479 >>0506

Panama Officially Cancels CK Hutchison Port Concessions, Clearing Path for Maersk

Reporting by Elida Moreno Reuters February 23, 2026

 

PANAMA CITY, Feb 23 (Reuters) – Panama on Monday published in its official gazette a Supreme Court ruling canceling key port contracts held by a subsidiary of CK Hutchison, clearing the way for Maersk’s APM Terminals to take over temporarily.

 

The publication finalizes the legal annulment of concessions for the Balboa and Cristobal terminals near the Panama Canal, which Panama Ports Company (PPC), subsidiary of Hong Kong-based CK Hutchison, had operated for more than two decades.

 

The Panama Maritime Authority (AMP) has taken possession of both ports by decree to ensure uninterrupted operations, said Alberto Aleman Zubieta, head of the technical team overseeing the transition, after the ruling became final upon publication.

 

“Two separate contracts are being presented to the Board of Directors of the AMP — one for the Port of Balboa and one for the Port of Cristobal — instead of a single contract for both ports,” Aleman Zubieta told a press conference.

 

Maersk did not immediately have a comment about the matter.

 

Early in February, Panamanian President Jose Raul Mulino said the government would move forward to formalize an agreement with APM Terminals Panama, a subsidiary of Danish shipping group Maersk, to manage and control the ports once the ruling became legally binding.

 

Mulino said the arrangement would remain in place while the state develops a new long-term concession framework to be awarded in the future.

 

“The moment the official gazette publishes the court’s ruling Panama Ports loses control of the ports,” political analyst Jose Stoute told Reuters.

 

The ruling issued in late January came amid growing U.S.-China rivalry over global trade routes and marks a win for Washington.

 

U.S. President Donald Trump has pushed to curb Chinese influence over the Panama Canal, which carries about 5% of global maritime trade.

 

https://gcaptain.com/panama-officially-cancels-ck-hutchison-port-concessions-clearing-path-for-maersk/

Anonymous ID: 45fe62 Feb. 23, 2026, 11:54 p.m. No.24300049   🗄️.is 🔗kun   >>0479 >>0506

Russian oil bad, Indian diesel good

 

First Indian Diesel Cargo Arrives in Europe After New Russian Sanctions Take Effect

Bloomberg February 23, 2026

 

(Bloomberg) – A tanker carrying diesel from India has moored in Europe’s largest port, a notable arrival after some traders had expressed caution about falling foul of new sanctions on buying fuel made from Russian crude.

 

The Proteus Bohemia, carrying about 100,000 tons of diesel, entered the port of Rotterdam on Monday, according to a port report and ship-tracking data compiled by Bloomberg. It’s the first petroleum fuel cargo from India to arrive in the key Amsterdam-Rotterdam-Antwerp oil-trading hub since the European Union imposed sanctions on imports made from Russian crude.

 

The vessel doesn’t appear to have yet discharged, ship-tracking data show.

 

While some middlemen had said that a caution-first approach is being taken toward any supplies that could breach sanctions that kicked in on Jan. 21, the Proteus Bohemia’s arrival suggests at least a degree of confidence in bringing in barrels from India — historically a major user of Russian crude. The appetite to import Indian fuel matters because the nation was the third-largest supplier of seaborne diesel and jet fuel cargoes to the EU last year.

 

The tanker loaded in mid-January at the Indian port of Sikka, which is used to export fuels produced at Reliance Industries Ltd.’s enormous Jamnagar facility, Vortexa data show. The vessel is chartered by Reliance and reached northwest Europe by sailing around Africa’s Cape of Good Hope, according to Vortexa.

 

Reliance didn’t reply to an email seeking comments on Monday.

 

The sanctions are an attempt to prevent Russian hydrocarbons coming into the bloc through the “back door.” Official EU guidance advises operators to be particularly cautious about shipments from India, Turkey and China, given those nations’ imports of Russian crude since Moscow’s war with Ukraine began.

 

Although EU rules ban imports of petroleum products made using Russian crude, a refinery can process Russian oil and send fuel to the bloc, as long as the product comes from a “non-Russian oil” production line, according to official guidance.

 

Reliance last year said it would stop processing Russian oil at one part of its huge Jamnagar complex. From Dec. 1, all petroleum product exports from the SEZ refinery — which is part of the Jamnagar facility — will be made from non-Russian crude, it said.

 

Although the Proteus Bohemia is the first petroleum fuel cargo from India to reach the ARA hub since the sanctions took effect, at least one other shipment has already discharged into the EU. Earlier this month, the Liwa-V delivered jet fuel from India into Italy.

 

https://gcaptain.com/indian-diesel-tanker-rotterdam-russia-sanctions/