Panama must offer added value to the cargo

Panama must offer added value to the cargo

PSA, located on the Pacific side of the Panama Canal, makes an investment of 450 million dollars to expand its capacity.

The decline in the movement of cargo in the national port system in recent months has not been an obstacle for Panama International Terminal, known as PSA, to continue investing in its expansion.

Alessandro Cassinelli, general manager of PSA, told Panama America that this terminal arrived in the country in 2007 making an investment of 166 million dollars, with a yard capacity of 450 thousand TEU or 20-foot containers.

Data

166 million dollars invested PSA in the first stage of its operations in Panama.

450 million dollars invested PSA in the second stage of its expansion.

However, it emphasizes that with the success obtained in this first operation and together with the expansion of the Panama Canal, they made the decision to expand and quintuple the capacity of the terminal to 2 million TEUs and acquire 8 gantry cranes that are added to the existing. 

Photo from www.psa.com.pa

Cassinelli explained that this year they have done very well in the cargo movement, versus last year, since they operate with the second largest shipping company in the world, one of the most important clients in Panama that made the decision to move to PSA from another terminal.

He indicated that the Pacific side needed capacity of dock and yard to convince certain shipping companies that today do not do business in Panama and do it from other countries in the region, to do their business of transshipment from this country.

The PSA manager indicated that at this moment with the capacity that adds to the peaceful side of 2 million TEU, no additional capacity is necessary.

"At the moment it would be complicated because there are different factors in the world economy that are not showing growth projections, we are seeing complicated projections between the United States and China, messages that arrive and do not justify an exponential growth of container cargo. As we are now in terms of capacity as a country, I consider that we offer what is necessary, "he said.