The dock required an investment of $150 million and has increased port capacity by 500 thousand TEUs, bringing the total capacity of the port to 2 million TEUs.

A statement from the Presidency of Panama states that "... With this dock, there are now four docks operating in Panamanian waters under the operation of CCT, a subsidiary of the Evergreen Group, a Taiwanese company, which has invested a total of about $700 million. "

"... Both President Varela Rodriguez and Yen-I Chang, President of Colon Container Terminal, agreed that the opening of the dock provided a step up for this Terminal, on behalf of the Panamanian economy in general and in the province of Colón in particular, which has strengthened its position as port enclave, without neglecting the focus on growth and the opportunity to redefine port logistics centers so that they may not only reach the top of the ranks, but stay there. "

More on this topic

Puerto Cortés is to Have a New Dock in 2019

March 2019

It is expected that in November of this year the construction of the new dock 2A in the bay of Puerto Cortés, in Honduras, which will serve for the export of stone aggregates to the U.S., will be completed.

Directors of Grupo Avanza, the company in charge of the project valued at $22 million, informed that the works have already begun and estimate that in the first 15 days of November the work will be completed.

Puerto Cortés: New Dock Starts Operations

September 2018

After investing close to $240 million, the Central American Port Operator has started operations at pier number 6 of the Honduran maritime terminal.

See statement from the Presidency of Honduras. 

Puerto Cortés, September 21.  "Pier number 6 is on its way to making Puerto Cortés the leader of the region and the Caribbean," said President Juan Orlando Hernandez today when inaugurating the work, which represents a major step in the modernization of these port facilities.

Costa Rica: Bulk Terminal Awaits Signature

February 2015

While ships wait five days to unload grains, a new dock is unable to be used because a staff member resigned and the appointment of his replacement has been delayed.

A green light is being awaited from the new authorities of the Costa Rican Pacific Ports in order to start work and approve the fee schedule so that dock can start operating.

Panama: Docks for Auxiliary Maritime Industry

July 2013

An announcement has been made for the construction of multipurpose docks in the Port of Balboa on the Pacific, and in the Port of Cristobal on the Atlantic.

The Panamanian auxiliary marine industry lacked the space required for its activity, which has been an obstacle to its growth, especially when taking into account the increase in maritime activity in the Canal Zone, once the expansion has been completed.