Category: Ports

Port of Balboa.

Hutchison Ports (Panama Ports) delivered $8 million in dividends to the State between 2015 and 2019Hutchison Ports (Panama Ports) delivered $8 million in dividends to the State between 2015 and 2019

Hutchison Ports (Hutchinson PPC, a concessionaire of the ports of Balboa and Cristobal, reported that from 2015 to 2019 it paid $8 million to the State, which owns 10% of the company’s shares. From that period, in 2016 Panama did not receive resources from the port operator. According to Panama Ports Company “although the cargo […]

Cargo volumes in Ports of Panama reach 7.3 million TEUs in 2019, 4.7% higher than in 2018Cargo volumes in Ports of Panama reach 7.3 million TEUs in 2019, 4.7% higher than in 2018

In 2019 the cargo volume in Panamanian ports amounted to 7,346,859 TEUs, 4.7% more than in the previous year, when volumes showed a slight growth of 1.7%, equivalent to 7,014,410 TEUs. The administrator of the Panama Maritime Authority (AMP) and Minister of Maritime Affairs, Noriel Arauz, said that “in 2018 the Panamanian ports reached the […]