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.

Photo: Maersk Line

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
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

CEO appoints new J. Lauritzen investment team

Kristian Mørch, the former CEO of Odfjell and current CEO of investment firm J. Lauritzen, has already constructed his new team, which involves both shipping and investment industry professionals.

Further reading

Related articles

Latest news

See all jobs