Cargo Movement and the Future of Business

Building specialized docks for the auxiliary marine industry and increasing the capacity to deliver quickly by air are some of the challenges that Panama will face in the coming years.

Wednesday, July 31, 2019

The Panamanian economy depends heavily on the logistics sector, but currently faces new challenges because of the increasing competition from other regional players who offer better costs in managing cargo on a large scale.

For the president of the Panama Maritime Chamber, Nicolas Vukelja, "... one of the main challenges of the auxiliary maritime industry is to have enough access to the sea. The Panama Maritime Authority (AMP) has granted more than 500 operating licenses for different auxiliary maritime services, but most are provided to ships anchored in ports. And to serve ships that are not in dock, the boats must leave private marinas, because there is no specialized dock, and that has generated a high cost in the service."

Vukelja explained to Martesfinanciero.com that "... an hour by boat can cost between 150 and 350 dollars. Access to the sea is required for the auxiliary maritime industry, that the government finishes building the pier for this service on the Amador roadway, which is approximately 40% advanced to have access to a cheaper and faster infrastructure. A similar dock in the Atlantic is also required. In Cristobal it has not yet been defined in which area the service will be given."

Official figures specify that the growth of the movement of maritime cargo in Panama slowed last year, because after recording a 10% increase between 2016 and 2017, in 2018 grew just 2% over the previous year.

Another area to be developed in the country is air cargo management, which is lower compared to maritime, but with the increase in electronic commerce is expected to grow in the coming years.

Luis Felipe de Oliveira, director of the Latin American and Caribbean Air Transport Association (ALTA), said weeks ago that "... because of continued growth in online purchases, air cargo service has become a critical means of transport and the growth of e-commerce in the future will increase the demand for air cargo, which is a business opportunity for airlines."

See Martesfinanciero.com articles "Auxiliary maritime industry sails against the counterflow" and "The new economic cargo flight" (in Spanish).

Do you need more information about your business sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Meeting of the Maritime Industry in Panama

July 2017

From September 27 to 29, companies from the sector will be meeting to discuss issues such as bunkering and environmental impact, ports and shipping lines, cargo transportation and the auxiliary maritime industry.

From a statement issued by the Maritime Chamber of Panama:

The Importance of the New Port in Corozal

May 2016

The global relevance of companies seeking the award of a third port for container ships in the Pacific is a clear sign of the importance of Panama as maritime and logistics hub.

The companies pre-qualified to participate in the tender for the concession of a new port in Corozal are subsidiaries of the largest shipping companies such as Maersk-Denmark, MSC-Italy and CMA-CGM-France or are direct port operators, in this case the most important in the world, PSA from Singapore.

Maersk and the Expanded Canal

April 2016

The shipping company has drawn attention to the impact that the Canal expansion will have on its operations noting that there are still only a few ports that can receive Post Panamax vessels.

The two routes that the Danish shipping company Maersk Line ceased to operate in 2013 were of great importance for Latin America, whose operations account for 10% of the company's total sales worldwide.

Integral Logistics in Panama

March 2012

So far 95% of the logistical movement in Panama is by sea, making it necessary to integrate land and aerial means in order to consolidate the country as a global hub.

The Panama Canal is the largest global hub of shipping routes, which naturally positions the country as a logistics hub.

 close (x)

Receive more news about International Commerce

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


Professional ink refill franchise for sale

Ink and toner refills with latest generation machinery exclusively for the franchisee in Central America, investment opportunity with fast return.
Ink and toner refills with latest generation machinery...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Oct 20)
Brent Crude Oil
42.940
Coffee "C"
108.95
Gold
1,899
Silver
24.659