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Panama's ports have reported their best volume growth in three years.

Panama's ports have reported their best volume growth in three years.
blog image
Port Terminal Services

Panama's ports have reported their best volume growth in three years.

The Panama Maritime Authority (AMP) reports that all terminals in Panama saw strong growth over the past seven months, with an average increase of 18.5% and a total volume of 5.59 million TEUs. At Colon Container Terminal (CCT), owned by Evergreen Marine, volumes rose by 22.3%. The terminal recently bought 12 hybrid RTGs for $23 million to improve efficiency and environmental sustainability. CCT’s President, William Elliott, said that increased volumes from Asia and changes in shipping routes due to the Red Sea crisis have driven this growth, as has congestion in other Caribbean ports. SSA Marine’s MIT terminal grew by 10.5%. General Manager Manuel Pinzon noted that the Panama Canal’s reduced transit numbers and vessel draughts, due to low rainfall, have led ocean carriers to use Panama’s land bridge more effectively. This has increased container volumes handled by SSA Marine MIT and other terminals in Panama.


11 Sep 24
blog image
Port Terminal Services

Panama's ports have reported their best volume growth in three years.

The Panama Maritime Authority (AMP) reports that all terminals in Panama saw strong growth over the past seven months, with an average increase of 18.5% and a total volume of 5.59 million TEUs. At Colon Container Terminal (CCT), owned by Evergreen Marine, volumes rose by 22.3%. The terminal recently bought 12 hybrid RTGs for $23 million to improve efficiency and environmental sustainability. CCT’s President, William Elliott, said that increased volumes from Asia and changes in shipping routes due to the Red Sea crisis have driven this growth, as has congestion in other Caribbean ports. SSA Marine’s MIT terminal grew by 10.5%. General Manager Manuel Pinzon noted that the Panama Canal’s reduced transit numbers and vessel draughts, due to low rainfall, have led ocean carriers to use Panama’s land bridge more effectively. This has increased container volumes handled by SSA Marine MIT and other terminals in Panama.


11 Sep 24
blog image
Port Terminal Services

Panama's ports have reported their best volume growth in three years.

The Panama Maritime Authority (AMP) reports that all terminals in Panama saw strong growth over the past seven months, with an average increase of 18.5% and a total volume of 5.59 million TEUs. At Colon Container Terminal (CCT), owned by Evergreen Marine, volumes rose by 22.3%. The terminal recently bought 12 hybrid RTGs for $23 million to improve efficiency and environmental sustainability. CCT’s President, William Elliott, said that increased volumes from Asia and changes in shipping routes due to the Red Sea crisis have driven this growth, as has congestion in other Caribbean ports. SSA Marine’s MIT terminal grew by 10.5%. General Manager Manuel Pinzon noted that the Panama Canal’s reduced transit numbers and vessel draughts, due to low rainfall, have led ocean carriers to use Panama’s land bridge more effectively. This has increased container volumes handled by SSA Marine MIT and other terminals in Panama.


11 Sep 24