Maersk to take over Panama Canal port operations from HK firm

Panama's Supreme Court on Thursday invalidated Hutchison's contract following repeated threats from President Donald Trump that the United States would seek to reclaim the waterway he said was effectively being controlled by China. The canal, which handles about 40 percent of US container traffic and five percent of world trade, was built by the United States, which operated it for a century before ceding control to Panama in 1999. On Friday, the AMP said port operator APM Terminals, part of the Maersk Group...