More Investment in Panama’s PortsTuesday, February 14, 2012 The Panama Ports Company in early March will take receipt of 7 RTG hybrid gantry cranes coming from China, which have a capacity of 41 tons, being able to stack up to 6 containers. In addition to these cranes manufactured by Noel, the company will receive more equipment during 2012 for the operation of its ports in Balboa and Cristobal, including 13 electric RTG gantry cranes for the Port of Balboa, manufactured by ZPMC, with capabilities similar to those made by Noel. Corozal: Port or Logistics Park?Thursday, November 28, 2013 Under the logistic´s development framework discussion has arisen on the use of the lands adjacent to the terminal run by the Panama Ports Company. Studies by the Panama Canal Authority (ACP) confirm that in Corozal (Pacifico) "a 2000 meters port of linear dock could be built for receiving five Postpanamax ships simultaneously," reported Prensa.com. Port Company Rejects New Port in PanamaWednesday, November 7, 2012 The operator of the ports of Balboa and Cristobal is opposed to the project to build a new port in Corozal, which would require an investment of $1 billion. The new terminal would be built on an area of 112 hectares, near the port of Balboa, for which a tender competition would be launched. No Room for Expansion of Port of BalboaFriday, October 11, 2013 Panama Ports Company needs the lands near Corozal but these belong to the Panama Canal Authority which intends to build a new port. "They are our (lands) and we will use them for our activities and they are not available to be sold to anyone," said Jorge Quijano, Canal administrator. Panama Tops Port RankingTuesday, May 8, 2012 Leading Latin America, the ports of Colon and Balboa have the largest volume of containers moved, with Santos of Brazil in third place. Of the 20 major ports in Latin America, Colon (MIT, Evergreen and Cristóbal) was placed first with 3.3 million TEUs or 20 foot long containers mobilized in 2011, followed by Balboa with 3.2 million and Santos (Brazil) 2.9 million, reported Prensa.com. Panama: Movement of Containers Grows by 21%Tuesday, June 5, 2012 Between January and March 1.796 million containers were mobilized, 315,000 more than in the same period in 2011, which means an increase of 21%. In the first quarter of 2012, 1,796,000 20 foot long containers passed through the Panama Canal Zone and port, 315,241 containers more than in the same period in 2011, which represents growth of 21%, estimated the Panama Maritime authority (AMP in Spanish). The Multiplied Impact of Strikes at PortsMonday, November 18, 2013 Logistics is the system of veins and arteries through which global trade flows, and the ports are the heart of this system; a strike has the same impact as a heart attack in a human being. An article in Prensa.com states: "What should be ceaseless port activity has become bogged down. Nothing is worse for a production system, and is even more worrying when it affects to the logistics industry. PPC´s Case Against Puerto Corozal RejectedMonday, November 21, 2016 The Supreme Court has rejected the appeal over constitutional guarantees filed by Panama Ports Company against the tender process for the port. The port company had argued on several occasions that there was no need to build the port in Corozal, for market reasons, an opinion which it began stating when the Panama Canal Authority announced the project. PPC filed a legal action a few months after that announcement. ACP Invests $90 million in Land for PortMonday, September 23, 2013 The Panama Canal Authority has acquired a 46-hectare lot in Corozal, where it intends to build a new container port. The Panama Canal Authority (ACP) already owner 70 hectares in the same place, where it plans to build the port in two stages. Jorge Luis Quijano, the entity manager, explained that the land was owned by the Ministry of Economy and Finance (MEF), who was paid $89.8 million. Obstacles to Port Project in CorozalMonday, September 26, 2016 Eleven legal processes are hindering progress of the project that could increase the capacity of container movement in the Panamanian port system. Panama could already have a container terminal operating on the Pacific side, but opposition from the Panama Ports Company (PPC) and others such as residents of surrounding areas has impeded progress of the project which the Panama Canal Authority has been promoting since 2014. The Fight Over Puerto CorozalThursday, November 19, 2015 Companies interested in developing and operating the new Panamanian port will face stiff competition from Panama Ports Company, which has already prepared a plan and requested to receive the concession directly. The operator of the ports of Balboa and Cristobal, which has repeatedly expressed opposition to the idea of building a container terminal in Corozal, now wants to be its developer and operator, and it has now submitted a proposal to the Panama Canal Authority to receive a direct concession of the land located in the area. More Logistics Parks in the PacificThursday, May 3, 2012 International experts say that Panama needs more logistics parks on the Pacific coast in order to fully exploit all the country's advantages. Given its excellent maritime infrastructure, Panama could get more growth in the logistics industry if it had logistics parks near ports in the Pacific, said Casey Chroust, senior vice president of operations for the Retail Industry Leaders Association (RILA), an association of the major U.S. retailers. Port Investment Grows in PanamaWednesday, January 2, 2013 The steady increase in the volume of cargo transiting the Canal country, leads to more investment in its ports. 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. Loads in Panamanian Ports Down 15%Monday, April 15, 2013 In January and February, 190,000 fewer TEUs were moved than in the same period of 2012, when the figure was 1,000,218 thousand TEUs. "The country's five terminals (Balboa, Manzanillo International Terminal, Colon Container Terminal, the Port Authority of Singapore and Cristóbal) reported one million 28,000 TEU's (a unit equivalent to a 20 feet long container) in the two months," noted an article in Prensa.com. Panama: Ports Acquire 13 Electric CranesThursday, May 2, 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. |
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