The Challenges of the Panama Canal

Increased cargo traffic, improving the availability of water for the passage of ships and construction of the rolling cargo port, are some of the challenges the authorities of the interoceanic route face for the coming years.

Friday, September 28, 2018

Representatives from the Panama Canal Authority reported that the levels of traffic currently being reported have already reached the figures expected to be reached in 2020.

If this rate of growth continues, the third set of locks will be close to reaching its maximum capacity in 2026, however, before thinking about a new expansion, authorities are warning that increased water availability must be ensured.

See "More Traffic Projected in Panama Canal"

Concerning the possibility of an extension, Jorge Luis Quijano, head of the Panama Canal Authority, told Prensa.com that " ... they are not promoting any type of expansion, but he points out that projections indicate that by 2030 capacity of the waterway will need to be increased."

Another issue that is a priority is that of the port in Corozal, which consists of the development of a 1,200 hectare logistics area near the International Terminal of PSA Panama, former port of Rodman.

See "Roll On- Roll Off Port Plan Revived"

The purpose of the terminal, which will specialize in rolling cargo, is to convert the area where it will be built into a center for redistributing vehicles, machinery and heavy equipment to serve the local market and other countries in Latin America.

In regards to this, Quijano added that " ...'We need to give value to the cargo we handle. Because we are not producers, we must look for mechanisms to generate new revenues', giving formality to what will be diversification of business in the Canal."

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More on this topic

What Panama Loses By Not Having Port in Corozal

March 2017

New businesses in the segment of small shipping companies, and competitiveness in the maritime and logistics regional market is what the country is missing out on because of the delay in the construction of a new terminal.

One of the main points in favor of the construction of a port in Corozal is the business that could be generated in the segment of smaller shipping companies, which, according to entrepreneurs in this sector, have difficulty accessing the services they need because larger shipping companies are generally given priority attention at major ports.

Forum on Port in Corozal

November 2016

On November 8 Panamanian entrepreneurs will be meeting to discuss the project for the construction and concession of a port in Corozal and its impact on the economy.

From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama:

China as a Customer of the New Panama Canal

June 2016

The Chinese giant Cosco Shipping Group has announced new business strategies, which involve the passage of ships carrying 14,000 TEUs through the Canal and transshipments on the Pacific coast.

The interest of Cosco Shipping Group in transporting goods through the country confirms once again the need for Panama to accelerate approval of the project to build a new port terminal in Corozal, and with the same benefits as offered in other ports.

Panama: Ro-Ro Terminal in Corozal

November 2015

The Panama Canal Authority expects to start in February the construction of a specialized Roll On-Roll Off cargo terminal in the Pacific, next to the planned container port in Corozal.

The purpose of a specialized rolling cargo terminal is to turn the area where it will be built into a center for redistribution of vehicles, machinery and heavy equipment to serve the local market and other Latin American countries.

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