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Panama Ports: Bulk Material Handling Up 42%

Cargo movement at ports rose only 10%, because other items such as containers and general cargo registered decreases.

Wednesday, July 22, 2009

©image: Rich Young

Container cargo decreased 10.5% between January and May 2009 when compared to the same period of 2008, the largest drop among all port sectors. General cargo and 20 feet container movement also decreased, 3.3% and 3.7% respectively.

From Prensa.com: "The reduction in container cargo movement coincides with Panama Canal usage projections, expecting a decrease of up to 5% in 2009".

Source: Prensa.com

Key entities

National Comptroller´s Office (Panama) Manzanillo International Terminal Colon Container Terminal S.A.

Countries

Panama

Insight

Containers bulk transport maritime transport cargo transport International Commerce Exports & imports Logistics

Panama: Port Activity Grows

July 2011

In the first four months of the year, cargo turnover at ports in the country increased by 12% compared to the same period in 2010

The improvement in global economic activity is being reflected in the country’s port activities, which have shown the highest increase in the last five years.

The Maritime Industry Impacted by the Crisis

February 2009

Compared to the 2007 record of 8 billion tons in transports, global maritime commerce fell substantially in 2008, dragged down by the crisis.

A good indication of this is the decrease in the Baltic Dry Index, which is composed of the prices of the maritime transportation of dry cargo.

New Sea Freight Service to Florida

May 2012

Evergreen Line will offer weekly trips in both directions, between Panama, Costa Rica and Florida.

Using two ships belonging to the shipping company Crowley, the Evergreen service will connect Florida, Colon Container Terminal in Panama and Puerto Limon on the Caribbean of Costa Rica.

World’s Second Largest Shipping Company Sets Up in El Salvador

April 2009

Mediterranean Shipping Company (MSC) expects to attract between 10% and 12% of the Salvadoran market in its first year of operation.

The company plans to move 50 to 60 thousand containers per year, focusing on routes to Asia, Mexico and South America.

MSC manager Jose Bodewing indicated in an Elsalvador.com article that around 20 to 25 thousand dollars are moved for each docking a ship makes, so the shipping business will generate over 120 indirect jobs because they hire transport, warehousing, port services and others."

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