HOLA
SOY EVA
Hola soy tu asistente virtual EVA! Cerrar
Press Room - Hutchison Panama Ports

Press Room

Home » Press Room

  • News Releases

    CLARIFICATION TO THE PUBLIC


    In the last 3 years, Hutchison Ports PPC (Panama Ports Company, S.A.) has made payments to the Panamanian State amounting to $59 million which includes dividends in advance, totaling $658 million during the concession period.

    Hutchison Ports PPC reiterates that in the year 2021, it paid $165 million in dividends and extraordinary contributions, including $35 million advanced dividends at the request of the Panamanian State, equivalent to 5 years of dividends, to address the financial crisis.


    It should be noted that the company has paid a sum of $38 million over the past 3 years for container movement fees, which has been periodically paid to the Panamanian State by checks as established by the contract-law. Currently, Hutchison Ports PPC is the only port operator in the country where the state is a shareholder,
    receiving payments for container movements and dividends.


    The total amount paid to the State during the concession comes to $658 million, far exceeding the contributions of any other port company in Panama.


    Hutchison Ports PPC has a workforce composed of 99.9% Panamanian personnel and investments in infrastructure and equipment amounting to $1.695 billion. This has made the Balboa and Cristobal port terminals among the most competitive and innovative in the region, attracting new shipping lines and larger cargo volumes to the country, which has generated thousands of new direct and indirect jobs for Panamanians and increased the concessionaire’s contributions to the national economy.

  • News Releases

    Hutchison Ports PPC (Panama Ports Company, S.A.)
    Committed to Transparency and National Development

    At Hutchison Ports PPC, we have maintained and will continue to maintain a transparent and collaborative relationship with Panamanian authorities. We remain steadfast in our commitment to comply with all laws and regulations, fully exercising our contractual responsibilities.

    Our financial results, audited by an independent external auditor, have been shared annually with our partner, the Panamanian State, ensuring trust and clarity in our management. Likewise, we submit monthly reports to the Ministry of Economy and Finance and other government entities.

    It is noteworthy that we were audited in 2020 – 2021 by the General Comptroller’s Office of the Republic and the Panama Maritime Authority, both of which demonstrated full compliance with our contractual obligations. Furthermore, we wish to inform the public that the General Comptroller’s Office of the Republic of Panama is currently conducting a new audit at our facilities, with which we are fully cooperating and maintaining due transparency.

    Since our arrival, we have contributed over B/.5.9 billion balboas to the national economy, including added value, indirect effects, dividends, and payments to the State. This contribution has generated thousands of direct and indirect jobs, benefiting the country’s economy.

    We reaffirm our ongoing commitment to excellence and ethics in each of our operations.

    This commitment is fundamental and is reflected in our significant investments in the ports of Balboa and Cristóbal, where we have exceeded expectations in continuous infrastructure improvements, contributing to the country’s economic and social development.

  • Hutchison Ports PPC carries out a beach clean-up.

    Hutchison Ports PPC carries out a beach clean-up day as part of its “Go Green” environmental initiative

    Hutchison Ports PPC, aware of the role it must play as a socially responsible company and as part of its global environmental initiative “Go Green”, recently carried out a beach cleanup that extended from the community of la Boca in Ancon to the Bridge of the Americas near its Balboa facility on the Pacific side of the Panama Canal.

    The activity was attended by PPC volunteers, the Ancon Communal Board, the Urban and Cleaning Authority, students and professors from the International Maritime University of Panama, residents of the community, as well as companies that provide services to the company, among others.

    “Go Green” is part of an initiative undertaken by Hutchison Ports in association with members of the maritime community, stakeholders, local governments, NGOs, universities, and schools that seeks to promote awareness and protection of the environment through various campaigns and activities such as tree-planting, beach trash clean-up, waste recycling and biodiversity conservation projects.

    The beach clean-up activity brought together more than 100 volunteers for more than 4 hours, managing to collect and remove approximately 3.5 tons of garbage from the beaches, composed mostly of remains of fibreglass and wooden boats, refrigerators, toys, glass and plastic bottles, foam containers, paint containers, fishing nets, clothing, aluminium cans, cloth and plastic bags, iron scrap, industrial oil waste containers, tires and a variety of household, appliances among others.

    For Hutchison Ports PPC, activities like these allow us to take care of the community and the environment in which we live and operate by collecting trash that affects the health of wildlife, people, and local economies near our facilities and their surroundings. These beach clean-up days motivate and allow us to continue generating initiatives and commitments supporting sustainable development as an organization and in turn, contribute towards the decarbonization not only of our operations but of our industry.

    As an organization, we are proud to align our sustainability strategies to the 17 objectives of the United Nations Sustainable Development Goals (SDGs), a universal call for action to make our world a better place, end poverty, protect the planet and ensure prosperity for all. Objectives that we integrate into the day-to-day of our business and industry.

    Thanks to our volunteers who put into practice the simple idea that each person can do something good, whether big or small, to improve the lives of others and positively change the world today without compromising future generations.

FORMA PARTE DE NUESTRO EQUIPO

En Panama Ports Company estamos en busca de talentos que nos ayuden a impulsar nuestra empresa para llevarla lo más alto posible.