31 edition n.38

Devastating effect on international shipping

It will take at least another month befo-re normality returns to Panama’s ports while chaos is being sorted out following a strike by port workers in Balboa and Cristobal.

Shipping industry sources estimate losses of hundreds of millions of dollars as the result of the strike in these Ca-nal terminal ports operated by Panama Ports Company (PPC).

The  Panama  Canal  Railway  Com-pany  (PCRC)  is  losing  $1 million [...]