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PPC_Balboa01_Nov2018.jpg Photo: Panama Ports Company

Panama ports volume up 13.7% in H1 2020

Panama's ports cargo volume grew by 13.7% in the first half of this 2020 to 3.8m teu compared to the same period a year ago.

During the first half of 2019, growth in cargo volume was of 0.6%.

All container ports reported positive numbers with the exception of Colon Container Terminal (CCT) which saw a drop of 4.9%, according to the Panama Maritime Authority (AMP) statistics department. 

 The terminal of Bocas Fruit Co., dedicated to banana exports, grew 60.7%; Manzanillo International Terminal (MIT-Panama), saw a 14.2% increase; Balboa, 6.9%; Cristobal, 16.5% and PSA Panama International Terminal, 34.2%.

 According to the AMP report, the port system moved more than 600,000 teu per month, but in June saw a decrease of 572,444 teu between full and empty containers.

 The Panamanian terminals moved 90% of cargo in transhipment and the remaining 10% in local cargo. Transhipment cargo reached 3.4m teu with 18.5% growth, while local cargo saw a 16% decrease. 

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