Built by America in the early 20th century. Handles around 40% of America's cargo, equivalent to about 5% of global sea trade annually, or $270bn. Two port terminals were operated by CK Hutchison, a Hong Kong conglomerate, until Panama's top court ruled their contracts unconstitutional in February 2026. Panamanian authorities handed temporary operation to Maersk and MSC. China detained dozens of Panama-flagged ships in retaliation, and told Maersk and MSC to cease operations. Hutchison has sued Panama for billions; long-term management remains in question. Waiting times have been lengthened by increased volumes of energy exports to Asia.
Expect the worst, it's the least you can do.