Panama Ports Report Strongest Volume Growth in Three Years

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  • For the first time in three years, Panama ports showed growth in container volume.
  • All terminals posted double-digit volumes increase in the January-July period
  • Panama Canal transit restrictions boosted line usage of land bridge option

According to statistics released by the Panama Maritime Authority (AMP), all terminals showed double-digit growth during the seven months with an average of 18.5% with a combined volume of 5.59 million TEU, reports Seatrade Maritime News.

Panama port

At Colon Container Terminal (CCT), on the Atlantic side, owned by Evergreen Marine, volume grew by 22.3%.

Last month, CCT received 12 hybrid RTGs worth $23 million, aimed at optimizing the terminal’s efficiency and competitiveness and improving environmental sustainability, said CCT.

SSA Marine’s MIT terminal saw a growth of 10.5%.  Its general manager, Manuel Pinzon commented that the “rise can be attributed to both supply and demand factors”.

On the Pacific side, PSA Panama posted an increase in volume of 26%.

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Source: Seatrade Maritime News