Panama’s ports are under state control after a legal fight, amid rising tensions with CK Hutchison over the Panama Canal ports.
On February 12, 2026, Panama's Supreme Court upheld a January ruling declaring the concession held by Hong Kong's CK Hutchison subsidiary to operate the Panama Canal's Balboa and Cristóbal ports unconstitutional. The decision halts Chinese management of these strategic terminals, temporarily transferring operations to Denmark's A.P. Moller-Maersk amid ongoing legal disputes and geopolitical tensions between the U.S. and China.
Panama's government has taken control of two ports at the Panama Canal's entrance after a Supreme Court ruling canceled CK Hutchison's operating contracts. The move follows legal and geopolitical tensions involving the US, China, and Panama, with the ports now under state management pending long-term arrangements. The raid was unrelated to the dispute over canal deals.
On February 26-27, 2026, Hong Kong courts sentenced Kwok Yin-sang, father of pro-democracy activist Anna Kwok, to eight months for attempting to withdraw funds from her insurance policy, marking the first conviction under the 2024 national security law targeting family members. Separately, Jimmy Lai's 2022 fraud conviction was overturned, though he remains imprisoned under a 20-year national security sentence.
On February 28, 2026, the US and Israel initiated major combat operations against Iran, targeting its missile industry, navy, and proxy groups. President Trump justified the strikes as necessary to eliminate imminent threats to American security and prevent Iran from acquiring nuclear weapons. The attacks have killed over 200 people and triggered Iranian missile retaliation, escalating regional tensions.
Cuba reports that a speedboat carrying 10 armed Cubans from the US was intercepted near Cayo Falcones. Five suspects were killed, others wounded and detained. The incident heightens tensions between Cuba and the US amid ongoing regional instability and accusations of terrorism.
President Trump has announced a series of aggressive military initiatives in Latin America, including a coalition against drug cartels and threats toward Cuba. The US is increasing its military presence and operations across the region, emphasizing a hard power approach to regional security and influence.
Panama's government is investigating increased vessel inspections and detentions in Chinese ports following a court ruling that invalidated port concessions held by CK Hutchison. Panama seeks respectful relations, but US and China are clashing over sovereignty and trade influence, with US officials condemning China's actions as destabilizing global supply chains. The situation remains fluid as Panama assesses the impact.
A fuel truck explosion on Panama's Bridge of the Americas caused a fireball, injuring two firefighters and killing one worker. The bridge, over 60 years old, is closed pending safety assessments. Authorities warn structural damage may have occurred, affecting a key transportation link.