The US Ambassador to Panama, Cabrera, recently stated that Chinese-related operators should be removed from the main ports of the Panama Canal, and referred to CK Hutchison as a 'Communist company.' According to the Financial Times of the UK, China's COSCO is seeking to hold at least 20% to 30% of the shares in the transaction where CK Hutchison is selling its overseas port assets. Cabrera stated that any new operator should be a reliable company committed to supporting the people of Panama.