Ports

Despite PPC criticism: ACP pushes ahead with Corozal terminal

The Panama Canal Authority (ACP) has justified its decision to pursue the development of a port terminal in the area of Corozal because it represents an opportunity to maximize the value of the route through the Panama Canal and it also promotes increased cargo traffic through the waterway.

However; Panama Ports Company (PPC), operator of the Port of Balboa, says this argument “does not stand up.”

The Board Resolution of the ACP states that the [...]

ACP prepares Corozal port concession

The Panama Canal Authority (ACP) is preparing the prequalification process leading to a tender for the design, construction, development and operation of a container port in West Corozal.

The port will be developed on land owned by the ACP, taking place in two stages, and will include a construction area of 2,081 linear feet of piers, patio and container structures such as offices and warehouses.

The first phase will include 1,350 meters of quay, three [...]

Megaport in Capira

Herman Gnaegui

By Marijulia Pujol Lloyd

The dream of building a port capable of handling post-panamax ships together with a logistic park has been a project of Herman Gnaegui since 2003. He presented a proposal to the press in 2006 and again in 2014. However, the Panama Maritime Authority (AMP) has to date not received any requests to construct a megaport in Capira, located in the newly created province of West Panama.

Gnaegui, a former legislator who [...]

Ports of Panama move five million containers

Panama Ports en Cristóbal que ha movido 553.593 contenedores en los primeros nueve meses de 2014

In the first nine months of the year Panamanian ports have moved 5,046,758 containers, according to statistics from the Panama Maritime Authority (AMP).

The figure shows an increase of 95,164 containers, when compared with the amount moved through ports in the same period of 2013 when container movement reached 4,951,594.

Container movement is led by Panama Ports Company Balboa that had moved to September 2,299,283, followed by Manzanillo International Terminal with 1,550,464.

Third is Panama [...]

Cooperation agreement signed between Houston and Colón

El Terminal Barbours Cut del Puerto de Houston

The Manager of the Colón Free Zone, Surse Pierpoint, participated in the ceremonial act of “Signing a Cooperation Agreement” between Houston and Colón, made by the Mayor of the District of Colon, Federico Policani, and the Mayor of Houston, Annise D. Parker, to strengthen relations and carry out works that benefit the province.

Houston Mayor Parker explained that the importance of the signing of this agreement is to exchange knowledge with local authorities and to [...]

Promoters in Costa Rica plan to compete with the Panama Canal

Esquema de la Gran Terminal de Contenedores en Moín, Limón, Costa Rica

A project for a new Atlantic Mega Transshipment Port (MTA) in Costa Rica, could move to its next phase in 2015, with the start of feasibility studies.

This would be the first stage of a dry canal proposed by the Amega company to connect cargo movements between the Pacific and Atlantic oceans.

While the rest of the dry canal has failed to develop, the mega port itself would be profitable, it was stated by Jose [...]

Panama appears on world port “ranking”

Panama appears in the 40th position of the top 100 ports worldwide, according to the English publications Containerisation International and Lloyd’s List.

Colon shows a movement of 3.3 million TEUs (20 feet long equivalents) and Balboa is at position 45, with 3.0 million TEUs, according to this list.

The port of Santos, Brazil, appears with a cargo turnover of 3.4 million TEUs in the 38th position in the ranking.

The other Latin American ports appearing [...]