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Hong Kong firm files arbitration against Maersk, saying it schemed with Panama over port takeover

HONG KONG (AP) — A subsidiary of a Hong Kong-based conglomerate started arbitration proceedings against Danish logistics and port group Maersk, accusing the company of aligning with Panama in a scheme to take over its port operations on the Central American country's critical canal. The Panama Ports Company, a unit of Hong Kong’s CK Hutchison Holdings, said in a statement dated Tuesday that Maersk A/S had undermined a contract over the Hong Kong company's operations of ports at either end...

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