Counting the impact of the ILA strike
NewsEven though short-lived, the ILA port strike is expected to result in a capacity decline of 10-17% for Asia exporters.
The government of Panama is claiming that Panama Ports Company (PPC), in which it holds a 10% stake, owes the state US$28M in retained earnings. The company, which has operated Balboa and Cristobal ports since 1997, has failed to provide annual financial reports, the government said.
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