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Danish firm Maersk will temporarily take over operation of two ports on the Panama Canal from Hong Kong company CK Hutchison, whose concession has been annulled, the Panama Maritime Authority (AMP) said on Friday.Panama's Supreme Court on Thursday invalidated Hutchison's contract following repeated threats from President Donald Trump that the United States would seek to reclaim the waterway he said was effectively being controlled by China.The canal, which handles about 40% of US container traffic and 5% of world trade, was built by the United States, which operated it for a century before ceding control to Panama in 1999.CK Hutchison's contract to operate the ports had "disproportionate bias" towards the Hong Kong-based company, according to the court ruling that annulled the deal.On Friday, the AMP said port operator APM Terminals, part of the Maersk Group, would be a "temporary administrator" of the Balboa and Cristobal ports on either end of the waterway.It would take over from the Panama Ports Company (PPC) - a subsidiary of CK Hutchison Holdings - which has managed the ports since 1997 under a concession renewed in 2021 for 25 years.The United States on Friday welcomed the decision, but Chinese foreign ministry spokesman Guo Jiakun said Beijing "will take all measures necessary to firmly protect the legitimate and lawful rights and interests of Chinese companies."For its part, PPC said the ruling "lacks legal basis and endangers... the welfare and stability of thousands of Panamanian families" who depend on its operations.The annulment of the PPC contract was requested last year by the office of the comptroller -- an autonomous body that examines how government money is spent.It argued the concession was "unconstitutional" and said Hutchison had failed to pay the Panamanian state $1.2bn due.The PPC argues it is the only port operator in which the Panamanian state is a shareholder and says it has paid the government $59mn over the past three years."It is very hard to imagine that (the court ruling) was not influenced by persistent US pressure on canal ownership," said Kelvin Lam, a China-focused economist at the consultancy Pantheon Macroeconomics.He said foreign investors would likely be increasingly cautious about committing capital "to strategic infrastructure projects in the United States' backyard."Panama has always denied Chinese control over the 50-mile waterway, which connects the Atlantic and Pacific oceans and is used mainly by the United States and China.Panamanian President Jose Raul Mulino, who has called the CK Hutchison contract "extortionate," said Friday the canal will continue operating "without disruption."He added there would be a transition period leading up to a new concession "under terms and conditions favourable to our country."Mulino did not specify when a new concession will be put on offer.APM Terminals said in a statement earlier Friday it was willing to operate the ports "to support operational continuity" and to mitigate any risks to essential services.CK Hutchison Holdings - founded by Hong Kong's richest man Li Ka-shing - announced in March 2025 it would offload a 90 percent stake in PPC and sell a slew of other non-Chinese ports to a group led by US asset manager BlackRock.But the transaction fizzled out after China protested. 

His Excellency Minister of Transport Sheikh Mohammed bin Abdullah bin Mohammed Al-Thani and Deputy Minister of Foreign Affairs of the Republic of Panama Carlos Arturo Hoyos signed a Memorandum of Understanding (MoU) on mutual recognition of seafarer’s certificates between the Government of the State of Qatar and the Government of the Republic of Panama. The MoU comes within the framework of carrying out the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (STCW Convention) and its amendments, thereby helping advance both countries’ commitment to best international standards in the field.This Memorandum applies to the certificates of seafarers who serve on registered merchant ships of any of the two parties and sail under its flag except for those who serve on the ships mentioned in Article 3 of the STCW Convention, with an affirmation that this MoU does not contradict the local laws of the two countries.Following the signing ceremony, HE Minister of Transport met with Deputy Minister of Foreign Affairs of the Republic of Panama to discuss aspects of bilateral cooperation in transportation industry and advancing them.

Selling for nearly $1,000 a cup, a cafe in Dubai is offering the world's most expensive coffee, brewed from Panamanian beans sold at a premium price."We felt Dubai was the perfect place for our investment," said Serkan Sagsoz, co-founder of the Julith cafe with the pricey offering.Located in an industrial neighbourhood that has become a hotspot for coffee lovers, Julith plans to serve "around 400 cups" of the precious beverage starting on Saturday, Sagsoz told AFP.For a price tag of 3,600 dirhams (around $980), the brew offers an experience of floral and fruity flavours reminiscent of tea."There are white floral notes like jasmine, citrus flavours like orange and bergamot and a hint of apricot and peach," said Sagsoz, who previously ran a cafe in his native Turkiye."It's like honey, delicate and sweet," he said.Dubai notched a Guinness record for the world's most expensive cup of coffee last month, when Roasters offered one for 2,500 dirhams."It's very shocking but at the same time, it's Dubai," said Ines, who did not give her last name."For wealthy people, it's just another experience they can boast about," added another resident, Maeva.The Julith cafe bought its beans at an auction in Panama after a tough battle that lasted many hours and drew hundreds of bids.It claimed to have paid the highest price ever for coffee.Twenty kilograms of the beans went for around 2.2 million dirhams, or $600,000, Julith said in a press release.Asian buyers, Emirati coffee enthusiasts and coffee bean collectors have since reached out to the cafe in the hopes of securing some of the "Nido 7 Geisha" beans, which are grown on a plantation near Panama's Baru volcano.But the cafe said it does not plan to share its treasure, beyond a small amount reserved for Dubai's ruling family.