The 70% growth in cargo movement through the port of Corinto in the last five years reflects the imperative need for Nicaragua to invest more in port infrastructure.
Even though container movements through Nicaraguan ports are still significantly less than that through other ports in the region, the increase in sea freight traffic and its growth potential compel the government and the sectors involved to think about options for increasing port capacity.
From May 19th - 22nd representatives of the port industry in the region will meet in Nicaragua.
Representatives of the port industry in the region will meet in Nicaragua from 19 to 22 May at the XXXVI Port Meeting of Central America.
During the event, there will be an exchange of ideas and experiences on matters relating to ports.
In addition, "the advances of technology on ports, organizational and legislative improvements, modernization, innovation, compliance with international standards, and the environment" will be analyzed.
The National Port Company has announced the construction of four docks for use by fishermen and tourists on the coasts of Puerto Morazán, Somotillo and El Viejo.
José Genet Barberena, Manager of Ports Coordination for the organization, said the first dock will be built as part of the Tri-National Accord of the Gulf of Fonseca, in the port of Potosí.
American investors say they plan to build a toy factory in the Free Trade Zone at Puerto Cortés in Honduras.
The investors, Chris Haughey and Craig Doesher, said they first intended to set up a factory in the Amarateca Valley, but they are also looking at alternatives.
The factory will make the toys from wood.