There has been an increases in traffic of neopanamax ships, which now produce revenues of $68 million, as well as extra maritime services that used to go through the Suez Canal.
An article on Prensa.com reports that "...During the first two months of operation of the expanded Canal 130 neopanamax ships were reported to have passed through, most of them container ships, bringing in total revenues of $68 million.Since the expanded Canal opened on June 26, business has been growing, with 2 new services coming from the Suez Canal, said the Canal Administrator Jorge Luis Quijano."
It is not only the ports on the South and East Coast of the U S that have to make provisions for the expansion of the Panama Canal.
Ports in the Caribbean and Latin America will also have a before and after the expansion of the Canal.
Post-Panamax ships require more depth in the access channels to ports and their docks, and this means adjustments to infrastructure need to be made early enough in order to stay in the market as shipping destination, after the inauguration of the new Canal in 2014.
ICS member companies fear a further negative impact from the effects of the global economic crisis, if Panama applies a toll hike from July 1.
The International Chamber of Shipping companies (ICS), the largest international shipping association, has asked the Panama Canal Authority (ACP in Spanish) to postpone the increase in tolls of 15%, whose first phase has been announced for 1 July.
The Panamanian Canal Authority has agreed with U.S. ports to cooperate in advertising and marketing the new possibilities offered from 2014 onwards.
Under the framework of a permanent strategy, the Panamanian Canal Authority (ACP) has been forming strategic alliances with Eastern and Southern ports in the U.S., such as the ports Everglades, Florida, New Orleans, Louisiana, Philadelphia, Pennsylvania and Corpus Christi and Freeport in Texas. More deals are expected to be announced in the coming months.
The Panama Canal expansion will begin operations in 2014, resulting in exponential changes in logistics throughout the world.
A new report by Jones Lang LaSalle, a financial consulting and professional services firm specializing in the real estate sector, has identified three major trends that U.S. companies should consider when evaluating their properties and the impending changes in logistics infrastructure: port terminals, railways, storage spaces, etc.
Commerce between Panama and China summed $11,9 billion in 2010.
In a recent study, PriceWaterhouseCoopers (PWC) affirmed that China's ascendance in global trade is making it approach Latin American economies, which suffered relatively minor damage from the international crisis.
Starting on January 1st 2011, vessels transiting through the Canal will pay $74 for each container, up from $72.
The presidential cabinet included an exception for refrigerated cargo containers. The increase for them will come into force on April 2011, after a request from Peru, Ecuador and Chile, who alleged the negative effects the economic crisis has had on the maritime cargo industry.
The Panama Canal Authority (PCA) considers that rising rates in 2010 would be counterproductive, given the slow reactivation of cargo transit through the canal.
Meanwhile, the PCA is preparing a new rates structure, which includes a variable factor depending on the number of onboard containers. Vessels would pay a toll that will directly depend on the amount of cargo they carry.
Strategically located on the western Gulf of Mexico, Port Corpus Christi is the sixth largest port in the United States in total tonnage.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (1) 361-882-7110