Low expectations for cargo movement in Panamanian ports

Port of Balboa.

Port of Balboa.

The president of the Panama Chamber of Shipping, Rommel Troetsch, estimated that the cargo movement of the national port system will close in 2016 with a drop of 10%. And, according to his forecasts for 2017, he does not expect any improvement.

“No growth is expected for 2017 compared to current movement of cargo, although we must wait until April to observe the cargo movement when the shipping transport contracts between major exporters and shipping lines are signed,” said Troetsch to the daily “Panama America”.

According to the Panama Maritime Authority (AMP), the movement of cargo in the national port system, until last October, had fallen by 11.8% over the same period last year.

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