Is there a future for Corozal?
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
The Estonian terminal operator HHLA TK Estonia, a fully owned subsidiary of Hamburger Hafen und Logi... Read more
We are extremely pleased and excited to be sharing this latest piece of news, that sees the formal p... Read more
Jacobs Engineering, a global leading provider of ports and maritime consulting and design services, ... Read more
In May 2019, ShibataFenderTeam delivered a giant Donut Fender with an outer diameter of 4200mm and a... Read more
The new, updated design promises to improve handling and stability in the loading and reception of a... Read more