00:00In Panama, President José Raúl Molino ordered the temporary occupation of two ports run by a unit of Seiki Hoshiston
00:07Holdings,
00:08following a top-course ruling against the firm's concession.
00:11President Molino said in a speech Monday that the administration and operation of the two ports on the Strategic Panama
00:17Canal
00:17will refer to the country's national maritime authority to guarantee the facility's uninterrupted, safe and efficient operation.
00:26According to Molino, the occupation applies to movable equipment at the ports and does not imply the definitive loss of
00:32ownership rights,
00:33assuring the state will return the property to its owners when determining reason for the occupation cases.
00:40In this context, Seiki Hoshiston considers Panama's takeover of the two ports and the court's ruling unlawful.
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