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CK Hutchison quantifies 1% hit to port throughput after Panama contract ends

The company said throughput fell to 43.6 million TEUs in the first half, while storage income gains were offset by reduced Panama volumes.

Reported · Written up by our desk · Trade & Tariffs

CK Hutchison Holdings disclosed that the “forced termination” of operations at two strategic ports in Panama cut 1.0% from its overall container throughput in the first half of 2026, after the Panama government nullified an operating contract and took over the assets in late February.

In its half-year financial results released Thursday, the Li Ka-shing family-backed conglomerate said overall throughput declined year on year to 43.6 million TEUs, or twenty-foot equivalent units, for the six-month period.

CK Hutchison also attributed the impact to a mismatch between revenue lines, saying an 8.0% growth in storage income was offset by the 1.0% reduction in overall throughput tied to lower volume from the Panama operations following their termination.

The company added that excluding Panama, throughput rose 3.0% year on year, helped by terminals in Shenzhen’s Yantian, Shanghai, and other locations in Asia, and it noted a slight benefit from the Middle East conflict despite disruptions affecting shipments through the Strait of Hormuz, according to SCMP Economy.

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