Is there a future for Corozal?

Big names in the running for Corozal. Credit: Panama Canal Authority Big names were in the running for Corozal. Credit: Panama Canal Authority
Industry Database

Although APM Terminals, Terminal Link, PSA and Terminal Investment Limited all prequalified to the right to bid for the Panamanian port of Corozal, none finally entered a bid for the concession, which was therefore declared void.

The contract involved the design, construction, development and operation of a container terminal in West Corozal. 

 

Panama Canal Authority, which oversaw the tender process, noted that it originally received interest from seven potential bidders in March 2016, all of whom had been global operators, although three had pursued their initial interest no further. 

 

The lack of offers is said not to have surprised many of those connected to the local maritime sector, who criticised the lack of tax breaks. Other ports established in Panama already benefit from these, noted Rommel Troestsch, president of the Panama Chamber of Commerce.

 

“All these matters will be looked at soon,” said Roberto Roy, the minister with responsibility for the Canal, when asked whether a second tender would be issued.

 

The initial request for a new port on Panama’s Pacific coast came from shipping lines that had been forced to wait several days for a slot at the port of Balboa.

LATEST PRESS RELEASES

MAN 175D Selected for First IMO Tier IIICompliant Harbour Tug Designed for Operation in Mediterranean

2 x IMO Tier III-compliant 12V175D MM engines to power harbour pusher tug Read more

First mobile 3D sensor system with integrated 2D camera and overlay function – now all in one.

This 3D smart camera from ifm electronic designed for mobile applications is the first 3D sensor sys... Read more

ShibataFenderTeam delivered Cone Fenders to new Hutchison Icave Container Terminal

In 2018 the Hutchison Icave Port in Veracruz, Mexico was expanded by a new container terminal. Shiba... Read more

TGI’s NEW Dashboard Module.

The “Dashboard” module allows you to create one or more dashboards. Read more

CodaOctopus® Underwater Survey Explorer ("USE") Version 8.5 Release

Coda Octopus is pleased to announce the release of Version 8.5 of CodaOctopus® Underwater Survey Exp... Read more

Coda Octopus Launches New Echoscope4G Series

Coda Octopus now completes the launch of its full series of patented Fourth Generation real-time 3D ... Read more

View all