PSA International Keeps Up with Expanding Panama Canal

PSA International to Quadruple Panama Terminal Capacity

Singapore-based port operator PSA International has through its Panamanian subsidiary started a USD 400 million expansion of its container terminal located on the west bank of the Panama Canal Pacific.

The expansion will increase the capacity of the terminal from 450,000 to 2 million TEUs per year.

The investment into civil works amounts to USD 285 million, while the value of equipment will be over USD 125 million.

“In the past two years we have worked closely with the authorities representing the Panamanian State on the design and development of the expansion of our container terminal with the purpose of having state-of-the-art infrastructure ready to serve container vessels with a capacity of up to 18,000 TEUs,” Alessandro Cassinelli, General Manager of PSA Panama, said.

The new terminal will have 11 quay cranes with a maximum outreach of 24 rows and over 1.1 km of berth.

In addition to the 8 quay cranes, the terminal will feature 12 rail-mounted gantry cranes (RMGs), 9 rubber-tyred gantry cranes (RTGs), 52 prime movers and 3 empty container handlers.

The expansion is targeted to be ready for operations before the end of 2016, in conjunction with the commercial opening of the expanded Panama Canal.

“When the enlarged Panama Canal opens, vessels of up to 12,500 TEUs will ply the Asia-US East Coast routes and be able to use Panama’s Pacific coast as a transhipment hub for the West Coast of South and Central America,” Enno Koll, PSA’s Head of Latin America, said.

”Vessels of 4,000 TEUs can then serve Ecuador, Peru and Chile, Guatemala and Costa Rica on a weekly schedule via Panama. This allows shipping lines to benefit from economies of scale in operating across the Pacific and along the South American Coast. PSA Panama will provide sufficient capacity to allow lines to build a hub strategy.”

Image: A&D

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Maritime Information Warfare 2017

Maritime Information Warfare will focus on the growing need for navies to develop their information exploitation capabilities…

read more >

INTERNATIONAL GREEN SHIPPING AND TECHNOLOGY SUMMIT

The Summit will gather key marine experts and companies around the globe which have a big influence in the industry…

read more >

The CWC 18th Annual World LNG Summit & Awards Evening

The CWC World LNG Summit will continue to give you access to premium networking opportunities as it brings together the who’s who…

read more >

Marintec China 2017

The largest maritime event in Asia Pacific, Marintec China connects maritime professionals from the entire shipbuilding supply chain together.

Over the years, Marintec China has grown to reflect the size and importance of the Asian maritime market. 2015 event is another record-breaking edition with the largest exhibition area and the highest number of industry professionals attending ever. The encouraging figures proven that China remains one of the major shipbuilding nations and Marintec China has been the most authoritative platform in Asia.

With the maritime industry facing great opportunities but also many challenges, it is important for the industry to connect and engage more to ultimately win new business in globally-significant markets. A visit to Marintec China is a great way to learn about the latest technology and innovation of the supply industry, a platform for industry professional to meet face to face, make connection and do business.

Marintec China is poised to be the definitive event and is undoubtedly a must-attend for all involved in the maritime industry.

Marintec China will be held from 5 to 8 December 2017 at the Shanghai New International Expo Centre in Shanghai, China and continue its dedication to serve as the “LEADING” platform “CONNECTING” the community and “STRENGTHENING” the maritime industry.

Marintec China offers the perfect opportunity for companies serving the maritime market to showcase their innovations, products and services to a wide audience. A platform for face to face meetings in business, creating new relationships and consolidating existing ones.

More info

read more >