Tugs for Panamanian Ports

With a cost of over $15 million two new tugs belonging to companies of the Meyer's Group have joined the service in Panamanian Atlantic ports.

Wednesday, December 5, 2012

A statement from Meyer's Group reads:

Meyer's Group expands operations in the port sector of Panama

The companies that make up the entity, are committed to the expansion of the Atlantic ports, a factor that has motivated them to invest more than $15 million in the purchase of new equipment in order to strengthen their presence in the country and meet needs in Latin America and the Caribbean.

Aware of the strength and solid growth of the port sector in Panama, the company MMG TugsBoats and Barges Services / KTK Panama announced the arrival in the country of the tugs Virgen del Valle and Arcángel San Miguel, which will operate in the Bay of Manzanillo in Colon with a service at the Petrolera de Las Minas terminal and in Colon Container Terminal (CCT), one of the most modern terminals in Latin America.

The company MMG TugsBoats and BargesServices / KTK Panama is part of Meyer `s Group, which is a consortium of well known companies with business lines in land and sea transport, construction and agribusiness.

More on this topic

Costa Rica: Port Investment of $124 million

December 2014

As part of the agreement with the dockers' union, the government has to build a new berth and purchase 4 cranes, 40 forklifts and two tugs.

As part of the commitment to strengthen and modernize the ports of the Board of Port Administration and Economic Development of the Atlantic Coast (Japdeva), the Government must build a berth 26.2 meters wide and 350 meters long, and also provide the necessary machinery to get it going.

Activity in Panamanian Ports Recovers

May 2014

In the first quarter of 2014 cargo movement went up by 6.8% compared to the same period of 2013, after almost two years of decline.  

Capital.com.pa reports that " ... the Panamanian Atlantic ports which are Colon Container Terminal (CCT) , Manzanillo International Terminal (MIT) and Christobal, operated by the Panama Ports Company (PPC), a member of the HPH Group, moved 501,747 containers in total, putting them in second place in the regional ranking for 2014 " ... behind the Port of Santos, Brazil.

Spanish Shipyard Wins Contract for Tugs

October 2011

The company Astilleros Armon has won a $158 million contract for the construction of 14 tugs for the Panama Canal Authority.

A release by the Panama Canal Authority (ACP) states that the 14 new tugs are being acquired to “increase the current fleet to meet the projected growth of transits through the waterway.”

More Maritime Services in Panama

July 2010

Starting July 27, KTK Panama S.A. will offer towing services in the Panama Canal

The company has operated in the Caribbean for 25 years, and will start operating with two towing ships, one at Manzanillo International Terminal and another in Colon Container Terminal.

From the company’s press release: “KTK is convinced of the potential of Panama and is willing to participate in this market.

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