Press Room
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Hutchison Ports PPC welcomes high-level delegation from Evergreen Marine Corporation at the Port of Balboa
Executives from Evergreen Marine Corporation visited Balboa to assess its strategic location, exceptional connectivity, and potential for future business opportunities. The delegation was warmly welcomed by PPC CEO Jared Zerbe and Senior Management.
From Left to right: Ms. Paola Suman, Senior Commercial Manager of Hutchison Ports PPC; Mr. Percy Mo Cheng-Ping, Senior Vice President of Finance of Evergreen Marine Corp.; Mr. Wilson Chen Wei-Hsun, PJD/ DIV Chief of Evergreen Marine Corp.; Mr. Jared Zerbe, Chief Executive Officer of Hutchison Ports PPC; Mr. Kuang-Hui Wu, President of Evergreen Marine Corp.; Mr. Franco Ning, Chief Operations Officer of Hutchison Ports PPC; Mr. Vincent Lin, Chairman of Evergreen Marine Latin America S.A.; Mr. Alex Tsang, Chief Financial Officer of Hutchison Ports PPC; Mr. Alex Chris Huang, President of Evergreen Marine Latin America S.A. during their visit at PPC’s Port of Balboa. This visit underscores the port’s significance as a crucial international trade hub and its potential for growth through partnerships with key stakeholders.
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Hutchison Ports PPC Inspires Young Girls Through Soccer
PPC proudly supported the Golerinas Girls’ Soccer Tournament, which has empowered over 4,000 girls from vulnerable communities near Balboa and Cristobal. Through teamwork, resilience, and confidence, these young athletes defied stereotypes and embraced inclusion. The closing ceremony celebrated their determination and PPC’s commitment to gender equality, women’s sports, and creating opportunities for every girl to thrive
(Top photo) Jared Zerbe, Chief Executive Officer of Hutchison Ports PPC, accompanied by PPC staff and players during the closing ceremony of the ‘Golerinas’ Girls Soccer Tournament. -
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.
