Port Investment Grows in Panama

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

Wednesday, January 2, 2013

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.

An article in Panamaamerica.com.pa notes that in the port of Cristobal, administered by the Panama Ports Company, the structure of the dock 9 is being modernized, where four Panamax gantry cranes will be installed in May 2013.

"We will be receiving a post panamax crane for dock 10, where we have already installed four post panamax gantry cranes. This investment in cranes, docks, and other container handling equipment, container storage yards, the railway terminal expansion amounts to more than $90 million", said the marketing director of PPC, Rommel Troetsch.

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More on this topic

Improvement of Infrastructure at Puerto Cortés

July 2018

It has been announced that the port terminal will receive two new cranes valued at $26 million, an investment that is part of the project to expand and equip Pier 6.

The Honduran Presidency reported that the two cranes, Super Post Panamax Ship-to-Shore, will be the largest in the region and will be installed on pier 6 of Puerto Cortés, which in recent years has been undergoing an expansion and modernization process.

Panama: Ports Acquire 13 Electric Cranes

May 2013

The Panama Ports Company has purchased 13 electric Gantry cranes with capacity to stack up to seven containers high.

As reported Troetsch Rommel, corporate director of the company, the ZPMC brand cranes, left Jiangyn in China, on April 22 and are expected to be arriving at the port of Balboa on May 24, where the barge will unload 6 cranes, then move on to the Port of Cristobal where the remaining 7 will be unloaded.

Panamanian Ports are Leaders in Cargo Movement

December 2012

In Latin America the ports of Colon and Balboa occupy the first and second place in the ranking of volume of cargo moved.

In the Latin American ranking next in the list following the Panamanian ports are the ports of Santos in Brazil, Cartagena in Colombia, and Manzanillo, Mexico.

Manzanillo International Terminal Expansion

December 2011

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.

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.