24 Panama Throughput: 34,222,500teu
(-8.9%)
Four years ahead of the opening of a widened Panama Canal, post-panamax vessels are arriving in ever larger numbers in Balboa, Colon and Cristobal as the world’s largest shipping lines build up important transhipment operations in Panama. Continued cargo concentration in the box terminals
clustered at each end of the Panama Canal offers a clear indication of the intentions of shipping lines to consolidate their networks around a widened waterway. Last year’s 413,997teu decline was below the average
for Latin America in percentage terms, illustrating how the country has maintained its “must-call” status at the heart of more than 140 different trade routes. Notably, the decline was not enough to wipe out the 14.2% increase posted in 2008. With stiff competition between four major terminals,
there were winners and losers in 2009’s downturn. On the Pacific side, operations were less affected, with Hutchison’s Balboa terminal handling 2,011,778teu, 7.2% down on 2008.
On the Atlantic side, Evergreen’s Colon Container
Terminal (CCT) watched Chinese giant, Cosco Group, switch to Hutchison’s rival Cristobal, accounting largely for the 27.4% decline in its volumes to 354,956teu. Cristobal recorded a 42.41% increase, by contrast, to 447,773teu allowing it to overtake CCT for the first time. SSA Carrix’s Manzanillo International Terminal remains the largest terminal on the Atlantic coast with 1,406,030teu. Competition between the country’s main terminals is
set to intensify this year with the opening of PSA International’s operation at the former Rodman Naval Base on the north side of the Canal in Balboa.
Congestion remains a major problem at the
Jawaharlal Nehru Port (JNP) with building extra capacity a high priority. However, the development of a new 330-metre berth at
JNP – which would add 600,000teu capacity – has been hindered by legal obstacles. Last year’s prequalification of bidders has been cancelled and re-launched, with eight companies/consortia this time expressing an interest in developing the new berth. Foreign bidders include Dubai’s DP World, Spain’s TCB and UK-based Eredene Capital. The berth is expected to be built by 2012 at the earliest. The port is also planning a fourth container terminal and
a special economic zone (SEZ). The 277ha SEZ and improved hinterland connections are considered a pre- requisite before the fourth box terminal becomes operational. With 5m teu planned capacity, the fourth terminal would take the total port capacity to 10m teu by 2015-16. India’s government is making arrangements to change the
25 Jawaharlal Nehru Throughput: 4,061,343teu**
(+2.7%)
An increase in box throughput of 108,573teu was sufficient to see India’s principal container port climb two places in the Top 100.
August 2010
“trust” status of ports into corporate entitles in order to provide much-needed freedom to set tariffs and compete on a level-playing field with other ports in the region. JNP will be the first to be corporatised in the 2010-11 fiscal year. Tariffs of major state-controlled ports currently are
fixed by the Tariff Authority for Major Ports (TAMP), which will cease to operate under new structure. Tariffs are currently set on a basis of a commitment to share revenues with the government and the landlord.
**financial year figures
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