US-China ties to see another rift as CK Hutchison warns legal action against Maersk over Panama ports

Hong Kong-based CK Hutchison Holdings, a leading port investor, developer, and operator, on Thursday (local time), has warned of legal action against Danish shipping giant AP Moller-Maersk, CNBC reported. AP Moller-Maersk has been threatened with legal action after the Panama authorities tapped the group to take over the operations of two critical ports, the Port of Balboa on the Pacific Coast and Cristóbal on the Atlantic side, at both ends of the Panama Canal, from the Hong Kong-based company. In a statement released on Thursday, CK Hutchison warned the Danish group that “any steps” the group or its subsidiary takes…