$400 million Investment in Port Rodman Announced

Port of Singapore Authority plans to invest $400 million in its container terminal in Rodman, to increase capacity by two million TEU's and accommodate vessels carrying up to 24 rows of containers.

Tuesday, April 21, 2015

The construction of two additional docks and installation of eight gantry cranes is expected to allow for "... accommodating vessels with up to 24 rows of containers." With this project the aim is to expand port capacity at the Pacific entrance to the Canal.

Prensa.com reports that "... With this expansion, the terminal at the Port of Singapore Authority (PSA) will become the second largest container port in the Panamanian Pacific, after Balboa, which is operated by the Panama Ports Company. Nearby, in the area of ​​Corozal, the Panama Canal Authority also plans to concession for 20 years the construction of a container terminal in two phases ... "

"... PSA, like other ports in the region, expects to benefit from the expansion of the Panama Canal attracting cargo passing through the intermodal system in the United States from Asia and Suez. The Asian group has presence in 30 terminals in the world, with flagship operations in Singapore and Antwerp. In Latin America it has a presence in Argentina, Panama and Colombia. "

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More on this topic

Panama: Expansion of the Port of Rodman

December 2015

PSA Panama plans to invest $450 million in the expansion, starting in 2017 with the construction of 800 meters of additional quays and the installation of eight gantry cranes and 12 RTG cranes.

From the press release by Global PSA:

With the beginning of the quay and dredging works, a major step forward has been taken to transform PSA Panama International Terminal into a 2 million-TEU (20-foot equivalent units) facility.

Panama: $350 million Port Expansion

January 2015

PSA Panama International Terminal has proposed extending the cargo container port operating in the western area of ​​the capital.

Engineering and financing aspects for the work have already been approved, with only authorization from the National Assembly still pending before construction work can start, which is estimated will take about 2 years.

Port Expansion Approved in Panama

August 2013

The Panama Canal Authority has authorized the expansion of the Rodman Container Terminal, owned by PSA International.

According to Jorge Quijano, administrator of the Panama Canal, it is now up to the Panama Maritime Authority (AMP) to give final approval to the extension.

Port Investment Grows in Panama

January 2013

The steady increase in the volume of cargo transiting the Canal country, leads to more investment in its ports.

The Panama Canal Authority is carrying out studies on developing a port terminal in the Corozal area. Another project will be developed in Margarita Island with an estimated cost of $600 million, according to Willys Delvalle, president of the Maritime Chamber of Panama.

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