Panama's TEU traffic inches up
Panama's container traffic volumes rose to 6.9mn TEUs in 2015, a 1.8% increase over 2014, according to figures from the country's maritime authority AMP.
Panama Ports Company, a subsidiary of Hong-Kong based Hutchison Port Holdings, handled 3.1mn TEUs at its Balboa terminal and 812,783 TEUs at its Cristóbal terminal in 2015, down 4.9% and up 14%, respectively.
Manzanillo International Terminal handled approximated 2mn TEUs in 2015, 4.7% fewer than in 2014. MIT is mixed-capital operator, principally affiliated with the US-based container terminal operator SSA Marine.
Colon Container Terminal, a subsidiary of Taiwan's Evergreen Group, saw 789,663 TEUs last year, up 57%.
Panama International Terminal, a subsidiary of Singapore's PSA International, handled 216,012 TEUs in 2015, down 6.9%.
The Bocas Fruit terminal saw its traffic rise 17.3% to 22,346 TEUs.
In related news, the Panama Canal Authority now expects to open the expansion of the waterway in June, as filling of the repaired locks began in early February.
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News in: Infrastructure (Panama)
Snapshot: Panama's US$2.7bn PPP portfolio
In addition to road, energy and civil infrastructure projects, the government is aiming to structure prison, school and airport construction PPPs.
The limited wiggle room for new players in Panama's infra market
It is believed that suppliers or service firms will have better luck than construction companies in the Central American country.
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Other projects in: Infrastructure (Panama)
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Get critical information about thousands of Infrastructure companies in Latin America: their projects, contacts, shareholders, related news and more.
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