CK Hutchison unit seeks $2B over port seizure

Panama Ports Company SA, a unit of Hong Kong’s CK Hutchison Holdings Ltd., is seeking $2 billion in damages from Panama after losing control of two key ports on the Panama Canal, Associated Press reported. Panama’s government seized control of the Balboa and Cristobal ports after the country’s Supreme Court declared that a concession allowing Panama Ports Company to run the pair of ports was unconstitutional.