Container Movements Up 20% in Panama

In the first 8 months of 2011, Panamanian ports moved 4.2 million 20 foot containers, 20.5% more than during the same period in 2010.

Tuesday, November 15, 2011

Using these figures, the port operators estimate that a total of 6 million TEUs will have been moved by the end of the year, which represents about 500,000 more than in 2010.

"However, some are cautious about the picture for next year, due to the possible impact of the world trade crisis occurring in Europe and the United States.

According to the Economic Commission for Latin America and the Caribbean (ECLAC), almost half of the economic development of countries in the region is due to trade, which is handled largely by the port terminals", reported Prensa.com.

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More on this topic

El Salvador: Marine Cargo in Port of Acajutla Up 12%

February 2014

The increase in the export of sugar containers offset a decline in dry bulk cargo in 2013.

In 2013 the port of Acajutla in El Salvador recorded the movement of 179,303 TEUs, while in 2012 159,879 TEUs were recorded, which represents growth of 12 %.

"This growth can also be expressed in terms of the cargo that arrives inside containers.

Loads in Panamanian Ports Down 15%

April 2013

In January and February, 190,000 fewer TEUs were moved than in the same period of 2012, when the figure was 1,000,218 thousand TEUs.

"The country's five terminals (Balboa, Manzanillo International Terminal, Colon Container Terminal, the Port Authority of Singapore and Cristóbal) reported one million 28,000 TEU's (a unit equivalent to a 20 feet long container) in the two months," noted an article in Prensa.com.

Panama: Movement of Containers Grows by 21%

June 2012

Between January and March 1.796 million containers were mobilized, 315,000 more than in the same period in 2011, which means an increase of 21%.

In the first quarter of 2012, 1,796,000 20 foot long containers passed through the Panama Canal Zone and port, 315,241 containers more than in the same period in 2011, which represents growth of 21%, estimated the Panama Maritime authority (AMP in Spanish).

New Port in Colon

March 2012

The government of Panama has granted in concession 27 acres in Isla Margarita to be used to build a container port that will cost $600 million.

The Maritime Authority of Panama and the company Panamá Canal Colón Port Inc. have signed a contract for the construction, operation and management of a container terminal and general cargo area in Isla Margarita, Colon, at a cost of $593.9 million and for a period of 20 years.

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