Ports

CMP: The State must join forces Port of Corozal requires final push

Panamá esta lista para un nuevo puerto

Por Franklin Castrellón

Following the absence of proposals by the four global port operators that had prequalified to develop and operate the port of Corozal on the Pacific side of the Canal, the Panama Chamber of Shipping (CMP) called on the Canal Authority, the Judicial Branch and the Legislative Branch to resolve the problems that prevented the submission of proposals and to promote the implementation of that project.

CMP President, Rommel Troetsch, believes that there […]

Government of Panama proposes to extend Colón Container Terminal contract

Colón Container Terminal.

The Minister of the Presidency, Álvaro Alemán, presented on January 19 a bill before the National Assembly to award an extension on the 20 year contract for the development of the Port of Coco Solo North Container Terminal, in the Colón province.

According to information supplied by the Government of Panama, the minister said that in 1996 a Contract for the development, Construction, Operation and Administration of a Container Terminal in the Port of Coco […]

Low expectations for cargo movement in Panamanian ports

Puerto de 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 […]

Corozal and Amador will strengthen Panama’s competitiveness

Sitio del futuro puerto de Corozal.

The start of construction of the Port of Corozal and a pier which will serve the auxiliary maritime industry in the Pacific littoral will give added value to the Panamanian route and will boost Panama’s transformation into the Americas’ logistic platform, local shipping industry sources informed “The Bulletin”.

Also Panama Canal Railway Co. (PCRC), the U.S. railway operator that connects the three ports of the Atlantic with the port of Balboa in the Pacific, has […]

Judges give green light to Corozal

Panama’s Supreme Court has thrown out a motion put forward by Panama Ports Company (PPC) that the tender for the Port of Corozal infringes guarantees set out in the country’s constitution.

The decision, which was taken by nine judges, clears the way for the Panama Canal Authority (ACP) to continue with its tender for the construction of what will be a new container port with a 5.3m teus capacity.

Corozal port forms part of the […]

Liverpool port eyes transatlantic expansion

Puerto de Liverpool pone sus ojos en expansión trasatlántica

A report of the British news agency, Reuters, said that the United Kingdom is looking towards the expanded Panama Canal as Liverpool’s new container terminal expects to ramp up transatlantic shipping and British companies look to deepen business ties despite concerns that the U.S. election of Donald Trump could hinder free trade, the port operator’s chief said.

Private group, Peel Ports, has invested 400 million pounds ($510 million) in transforming Liverpool’s existing facility into a […]

Shipping industry supports Corozal

Ubicación planeada para el Puerto de Corozal

By Franklin Castrellón

“The arguments against the development of the Port of Corozal by the Panama Canal Authority (ACP) that Panama Ports Co. (PPC), the company that operates the ports of Balboa and Cristobal, lawyers and citizens who identify themselves as “residents” of the Diablo, have brandished, do not have enough valid arguments before the reality that the terminal is an essential piece in the transformation of Panama into a regional logistics hub and the […]