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Montevideo, November 24th 2024 - 10:57 UTC

Tag: Corozal Port

  • Saturday, January 3rd 2015 - 06:07 UTC

    Panama Canal planning major transshipment port on the Pacific entrance

    The new facility will increase inter-oceanic cargo traffic consolidating Panama’s position as an international logistics and maritime hub, said Quijano.

    The Panama Canal Board of Directors this week formally approved the development and construction of a transshipment port in Panama’s Corozal region. Upon completion, the port will have the capacity to handle more than five million TEUs within a 120-hectare area at the Canal’s entrance to the Pacific. The project is now awaiting the final step for approval from Panama’s National Assembly.