Port of Balboa: A transfer option
The port is currently the main regional transfer center for cargo coming from Asia to be sent to various ports in the US, Central and South America.
Tuesday, November 25, 2008
Three ships carrying cargo arrive weekly from Asia, some of which cannot pass through the Panama Canal due to their size.
In order to analyze the impact that Panama Canal expansion will have on this sector it is necessary to dissect the current numbers on movement and transshipment of containers in Latin America.
Ports in Panama and Peru recorded the highest levels of growth in Latin America in 2008.
The implementation of a technology system promised to streamline operations in the terminal, but ironically it has stalled operations since last Wednesday.
The direct costs incurred from diverting cargo to other ports, and the effect on Panama’s image as a safe logistical hub.
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