Drewry: Pacific ports benefit from Panama expansion

The Pacific ports will benefit from the expansion of the Panama Canal, which is expected to be ready in late 2015. But this could be challenged by the Nicaragua Canal, says Drewry in a new analysis.

BY LOUISE VOGDRUP-SCHMIDT

Published: 23.01.15 at 11:20

There is a significant potential for increased capacity for ports on the Pacific side of the Panama Canal when the expansion of the Canal is completed and ready to handle bigger ships, and thus more cargo, says analysts Drewry in a new analysis.

"The Panama Canal Authority expects its Pacific coast container port volumes to reach 6 million teu after the expanded canal is opened in 2016, a massive 75 percent increase on estimated 2014 throughput levels (gateway and transshipment). The timescale for this anticipated increase in demand is not clear though," says Drewry.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

Access all locked articles
Receive our daily newsletters
Access our app

Start a free company trial today

"The challenges we face as an industry require more skills and competencies"

Foto: Lucy Nicholson/Reuters/Ritzau Scanpix

They are a generation of future maritime leaders shaped both by Covid-19 and shutdowns and now by a world filled with tension. Four potential future managers enrolled in the Blue MBA program give their take on why it is important to improve your skills.

Leading shippers prepared to pay 10% extra for sustainable transportation

Shippers are willing to pay more for ”green” transportation if it’s reliable. But they have to state their wishes more clearly, and prices have to be lowered, writes McKinsey in a new report, which provides suggestions for how to accelerate decarbonization.