port

Panama’s Supreme Court has annulled the legal basis for long-standing port concessions held by Panama Ports Company, a subsidiary of Hong Kong-based CK Hutchison, casting uncertainty over ownership of container terminals at the Panama Canal’s Pacific and Atlantic gateways and complicating a planned $23 billion ports sale. After “extensive deliberation,” the court found the laws and acts underpinning PPC’s concession for the development, construction, operation and management of terminals at Balboa and Cristobal…

Panama’s Supreme Court has annulled the concession framework underpinning Panama Ports Company’s long-running contracts at the Panama Canal’s Atlantic and Pacific gateways, casting immediate uncertainty over who will control the Balboa and Cristóbal container terminals and complicating CK Hutchison’s proposed $23 billion sale of its global ports business to a consortium led by BlackRock and Mediterranean Shipping Company. In a ruling issued after what it called “extensive deliberation,” the court found the laws and state…

Somalia, Türkiye agree on Port of Mogadishu upgrades to boost trade, revenue MOGADISHU, Somalia — Somalia and Türkiye have agreed to develop new infrastructure projects at the Port of Mogadishu to expand trade, raise state revenue and improve efficiency at the country’s main maritime gateway, officials said Wednesday. The agreement followed talks in Mogadishu with a senior Turkish delegation led by Durmuş Ünüvar, Türkiye’s deputy minister of transport and infrastructure, signaling a renewed phase of cooperation…

Tuesday January 27, 2026 DAVOS, Switzerland — Eric Trump has denied holding talks or discussing port investments with North Western State of Somalia President Abdirahman Mohamed Abdullahi after reports and a widely shared photo suggested the pair met on the sidelines of the World Economic Forum in Davos. A spokesperson for Trump said Abdullahi attended a dinner reception where the U.S. president’s son was present, but emphasized there was no private meeting. “At no point did Eric Trump ever have a meeting with the North…

Somalia says WFP food aid fully returned after Mogadishu port warehouse dispute; U.S. pauses some assistance MOGADISHU — Somalia’s federal government said it has returned in full all World Food Programme supplies removed from a warehouse at the Port of Mogadishu, taking responsibility for the incident and pledging tighter coordination with aid partners after the United States announced a pause on certain assistance. In a statement issued late Saturday, the Ministry of Foreign Affairs said the government “takes full…

DUBAI (AX) — DP World said Tuesday its operations at Berbera Port are continuing as normal, brushing aside immediate disruption concerns after Somalia’s federal government declared it was canceling all agreements with the United Arab Emirates, including port, defense and security deals. The Dubai-based ports operator said it remains bound by its existing agreements with North Western State of Somalia, the self-declared republic that Somalia considers part of its territory. The company declined to comment on what it…

MOGADISHU — Somalia’s federal Cabinet has moved to cancel security and defense agreements tied to three strategic ports, a sweeping decision that immediately drew forceful rejection from Puntland State, Jubbaland and North Western State of Somalia and sharpened a long-running power struggle over sovereignty and foreign partnerships. Ministers meeting in Mogadishu on Monday voted to annul all security and defense agreements and cooperative arrangements related to Berbera, Bosaso and Kismayo. The government said the deals…

DUBAI — DP World said Tuesday its operations at the Port of Berbera in Somalia’s breakaway region of North Western State of Somalia remain unaffected and continue under existing agreements, even as Mogadishu moved to annul all deals with the United Arab Emirates amid rising regional tensions linked to Yemen. Somalia’s federal government on Monday said it was voiding its agreements with the UAE, including port contracts and defense and security cooperation, accusing Abu Dhabi of undermining the country’s sovereignty. The…

MOGADISHU — Somalia’s federal cabinet has annulled all agreements previously signed with the United Arab Emirates, voiding deals that covered defense cooperation, port management and security assistance, in a sweeping move aimed at reasserting federal control over foreign partnerships. The cabinet cited breaches of sovereignty stemming from UAE agreements with regional authorities. The decision follows Mogadishu’s ban on Emirati military and cargo flights and the start of a UAE military drawdown in Somalia, according to…

Somalia suspends port, defense and security deals with UAE MOGADISHU, Somalia — Somalia’s Cabinet on Monday suspended all port, defense and security agreements with the United Arab Emirates, citing actions it said undermine the country’s sovereignty, unity and constitutional order. The decision was approved Jan. 12, 2026, during a meeting of the Council of Ministers of the Federal Republic of Somalia. In an official statement, the government said the suspension covers agreements related to the administration and management…