en.Wedoany.com Reported - Panama Ports Company (PPC) has initiated arbitration proceedings against Maersk over the acquisition of PPC's port terminals in Panama.

PPC stated that the arbitration is based on a long-term contract designed to facilitate business collaboration by granting PPC exclusive rights to operate its port terminals in Panama and access to a range of its operational facilities and information.

PPC noted that Maersk breached the agreement and aligned with the Republic of Panama, cooperating with the state's crackdown on PPC and its acquisition plan to replace PPC by imposing a new port operator. On February 23, 2026, Panama expelled PPC from port operations through extreme administrative measures, took over the port terminals, and signed a pre-set concession contract for the Balboa terminal with a new operator affiliated with Maersk, which utilized PPC's facilities and operational information.

PPC confirmed that the arbitration will take place in London and emphasized that the lawsuit against Maersk is independent and does not affect its actions to hold Panama accountable for breaching contracts and investor interests.

PPC stated that it does not rule out filing new legal actions in addition to the arbitrations against Maersk and Panama.