Panama: Maritime industry terminal to be constructed

At an investment of around $2 to 4 million, a group of members from the Maritime Chamber are pushing for the construction of a terminal on the Pacific coast (Farfan).

Thursday, September 4, 2008

The project, which will be developed as a maritime service cooperative, will take 24 months to complete.
The terminal will have a loading and unloading passenger dock, a dock for unloading merchandise from supply ships, offices for shipping agencies, customs, quarantine, immigration, shops for the retail sale of spare parts for small boats, cold room, restaurant and depot, etc.

More on this topic

Farfan megaport in Panama shipwrecked.

November 2008

Port companies lost interest in the project due to the widening of Panama Ports and the construction of the Rodman port.

The Farfan megaport has gone under. The $600 million project, which would have converted Panama into the Singapore of the Americas with regard to logistics, has come to an end. The global economic crisis was the last nail in the coffin.

Negotiations for Farfan Megaport in Panama continue

January 2009

The consortium made up of Ports of America and Cosco Pacific are looking for the best way to move ahead in the face of rising costs along with the restriction of credit.

Prensa.com reports "We are discussing the matter with our partner to determine which is the best route to follow," explained Stephen Edwards, president of Ports America to the La Prensa daily.

Panama's megaport hit with new legal action

June 2008

A new legal action claiming that the construction of a huge container terminal in Farfán, Panama is unconstitutional has surfaced. It is being presented by the lawyer Alana Herrera Pinzón.

The action was presented before the Supreme Court of Justice.
It was first brought before the Secretary General of the Court on June 6. It challenges the legality of Article 1 of Resolution 24, passed on April 7, 2008 by Cabinet.

Panama: Operations Paralyzed in Puerto Balboa

March 2013

The implementation of a technology system promised to streamline operations in the terminal, but ironically it has stalled operations since last Wednesday.

"There have been normal delays as a product of the transition from the old to the new system, including delays in dispatching containers to the railway," said Rommel Troetsch, head of corporate affairs at Panama Ports Company (PPC), adding that operations should return to normal in the next few days.

 close (x)

Receive more news about Infraestructure & Construction

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Maritime SteamShip

Organization that operates in Panama.
Phone: (507) 227 3859 - (507) 227 3872

Company Profile

Stock Indexes

(Dec 2)
Dow Jones
-0.11%
S&P 500
0.04%
Nasdaq
0.09%

Commodities

(Dec 2)
Brent Crude Oil
55.140
Coffee "C"
145.85
Gold
1,178
Silver
16.735