Manzanillo International Terminal Expansion

A $200 million investment has been announced to dredge the access channel, develop a new turning basin, three Panamax docks, more areas for containers and nine gantry cranes.

Thursday, December 8, 2011

A press release from the Presidency of the Republic of Panama reads:

The U.S. firm SSA Marine, through its subsidiary Manzanillo International Terminal in Panama, has announced plans to invest more than 200 million dollars in Colon over the next few years in order to expand the range of port services offered by this prestigious company to the shipping line companies.

The announcement was made on Wednesday December 7, with the participation of President Ricardo Martinelli, a ceremonial event where the CEO of SSA Marine / Carrix, Jon Hemingway, explained that future expansion of the port includes dredging the access channel, a new dock for maneuvers, 3 new docks for Post-Panamax ships, which will begin transit the waterway when the Canal is expanded, additional areas for cargo storage and installation of 9 gantry cranes, three of which are already close to arrival.

Additionally, new equipment will be acquired for handling containers at the port.

For his part, President Martinelli said that with the signing of Free Trade Treaty with the United States, more companies are interested in investing in Panama and Manzanillo International Terminal (MIT) is one of them, as the company recently made an agreement with the Government, through the Panama Maritime Authority, to formalize the processes that allows this important investment, the first one within the new framework of the FTA with the United States of America, to become a reality.

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