Cosco did not give a reason for the move, but it comes just two weeks after the Panamanian government wrested control of Balboa and Christobal ports from Hutchison-owned operator Panama Ports Company.
All major long-haul liners are seeking temporary supply chain asylum at Indian docks to offload boxes that departed China and Southeast Asia in recent days, according to market sources in India.
The new orders from the Taiwan-based carriers came as both reported lower net profit and revenues for 2025 due to softer freight rates.
