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Panama port throughput up 1.77pc to 6.9 million TEU, but with mixed results
PORTS in Panama handled 6.9 million TEU in 2015, an increase of just 1.77 per cent overall compared to the year before.
But terminals produced mixed results, with growth dragged down by the economic crisis facing its main trading partners as well as internal problems.
On the Atlantic side, Evergreen's Colon Container Terminal's (CCT) volume rose by 57.1 per cent to 789,663 TEU due to the return of several services last year.
Cristobal's throughput, the terminal operated by Hutchison's Panama Ports, was up by per cent to 812,783 TEU, while Manzanillo International Terminal (MIT) registered a volume decline of 4.7 per cent to 1.98 million TEU.
On the Pacific side, cargo volume at Panama Ports Co's Balboa dropped by 4.9 per cent to 3.08 million TEU; and PSA-Panama's volume also decreased by 6.9 per cent to 216,012 TEU, reported Seatrade Maritime News.
"The fall in commodities prices and the strengthening of the dollar has affected countries in the region by limiting their purchasing power that directly influences the volume of cargo passing through Panamanian ports," said MIT vice president of marketing, Juan Carlos Croston.
Panama's port system last year was also stricken by internal factors, such as, industrial action and delays impacting the Canal expansion project.
But terminals produced mixed results, with growth dragged down by the economic crisis facing its main trading partners as well as internal problems.
On the Atlantic side, Evergreen's Colon Container Terminal's (CCT) volume rose by 57.1 per cent to 789,663 TEU due to the return of several services last year.
Cristobal's throughput, the terminal operated by Hutchison's Panama Ports, was up by per cent to 812,783 TEU, while Manzanillo International Terminal (MIT) registered a volume decline of 4.7 per cent to 1.98 million TEU.
On the Pacific side, cargo volume at Panama Ports Co's Balboa dropped by 4.9 per cent to 3.08 million TEU; and PSA-Panama's volume also decreased by 6.9 per cent to 216,012 TEU, reported Seatrade Maritime News.
"The fall in commodities prices and the strengthening of the dollar has affected countries in the region by limiting their purchasing power that directly influences the volume of cargo passing through Panamanian ports," said MIT vice president of marketing, Juan Carlos Croston.
Panama's port system last year was also stricken by internal factors, such as, industrial action and delays impacting the Canal expansion project.
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