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

SOHAR Port and Freezone Launches SOHAR Navigate

The innovative online route planner contains deep-sea and short-sea schedules connecting to 550 port... Read more

Solvo.TOS a Key Ingredient in Angola’s Plans to Grow Its Economy

Solvo.TOS has been chosen by Sogester S.A. (APMT and GF Sociedade Gestore de Terminais, SA) to moder... Read more

SANY Port Machinery launches the new efficient Reach Stacker H9 in Europe

Sany well understood the customers’ need to improve cost. In 2018 SANY introduced the new Reach Stac... Read more

KHALIFA PORT CONTAINER TERMINAL STAYS WITH BROMMA

Bromma has been selected to deliver the spreaders for the automatic stacking cranes to be commission... Read more

Kalmar's automated and manual straddle carriers selected by Patrick Terminals for fleet renewal programme

Kalmar's automated and manual straddle carriers selected by Patrick Terminals for fleet renewal prog... Read more

NEW HYSTER ® TOP LIFT CONTAINER HANDLERS

Hyster Europe has launched a new top lift Laden Container Handler that is expected to increase produ... Read more

View all