PORT DEVELOPMENT
Super post-Panamax able to work 22 containers across, with a total of 24 RTGs and a total quay length of 1,600mtr plus a 350mtr berth dedicated for ro-ro operations. The expanded terminal is now able to dock four Panamax vessels and one post-Panamax simultaneously. It has also built a 16ha distribution centre next to the terminal of which 13.7ha are already in use for cargo consolidation and logistics activity, with customised warehouses offering value added services. The newcomer is PSA Panama that saw its first customer in December 2010 but really became operational following the addition of the three-16 rows across quay cranes and RTGs that arrived in July 2011. The 450,000teu facility is the first Panamanian terminal to begin operations in the last 15 years and will be the fifth major container terminal in the country.
Located at the former Rodman US Navy base, at the Panama Canal’s Pacific entrance, PSA Panama is built on a 22.5ha site, with a 14ha container yard, a 330mtr long container and ro-ro berth with 14.5mtr water depth. ‘It also has a nine hectare area available for development with logistics partners,’ says PSA Panama International Terminal (PPIT) outgoing gm, Tan Toi Chia. ‘PSA continues to believe in the strong growth of the West Coast Central America and West Coast South America markets and there are many shipping lines looking for the right opportunity to enter and grow the business here now that we are operational,’ he says. Tan is returning to Singapore after having led the start up of the green field project, from obtaining government concessions, to construction, and finally being operationally ready. His successor Robert Ahern has been in the port business for the past 20 years and is enthusiastic about growing the terminal. The terminal was PSA’s first foray into Americas. It is situated next to the 30ha Cocoli area where GUPC has installed its industrial park and is in the process of excavating the future Pacific new locks; the terminal is thus well- positioned to support the supply logistics that are critical to the works. Port operators are ‘conservatively optimistic’ in their forecast for 2011 and more reserved when asked about year 2012. PPC gm Luca Versari forecast a slight increase of cargo volume in 2011 compared to the previous year but remains cautious about the future. ‘We are planning to be conservative for [2012]. What happens with the US economy, with several countries in crisis in Europe and a noted slow down in Asia, is the million dollar question
PANAMA MARITIME REVIEW 2011/12
nobody knows the answer to,’ comments Versari.
At MIT, officials are convinced that the reason behind the growth registered in 2010 is related to the healthy economic growth being experienced by many countries in Latin America and the region. Since March 2010, the terminal
‘has seen sustained and monthly average grow rate of 19%,’ comments Juan Carlos Croston, MIT vp of marketing. ‘We have noticed that when we see growth in Asia it is reflected six months later for MIT, although we may see some growth deceleration by year- end and in 2012,’ he adds. •
PSA Panama International Terminal
PPIT is the fifth major container terminal in Panama O
n December 23, 2010, PSA Panama International Terminal (PPIT) received its first vessel, the 12,777dwt Beluga Festival carrying 10,000 tonnes of steel bars for the Grupo Unidos por el Canal (GUPC) consortium which is building the new locks for the Panama Canal expansion. Full container operations will begin following the commissioning of the 16 rows across quay cranes and RTGs that arrived in July 2011.
The 450,000teu facility is the first Panamanian terminal to begin operations in the last 15 years and the fifth major container terminal in the country. Located at the former Rodman US Navy base, at the Panama Canal’s Pacific entrance, PSA Panama is built on a 22.5ha site, with a 14ha container yard, a 330mtr-long container and ro ro berth with 14.5mtr water depth. ‘It also has a nine hectare area available for development with logistics partners,’ says PPIT outgoing general manager Tan Toi Chia. ‘PSA continues to believe in the strong growth of the West Coast Central America and West Coast South America markets and there are many shipping lines looking for the right opportunity to enter and grow the business here now that we are operational,’ he says. Tan is returning to Singapore after having led the start up of the green field project, from obtaining government concessions, to construction, and finally being operationally ready. His successor
Robert Ahern has been in the port business for the past 20 years and is enthusiastic about growing the terminal. ‘We have been visiting customers and receiving queries from shipping agencies looking for available berths,’ says Ahern. His focus is on providing customers with reliable service and operational excellence, drawing on his experience with terminals around the world. ‘We will get to know our customers and provide them with what they need,’ he adds. The terminal was PSA’s first foray into Americas. It is situated next to the 30ha Cocoli area where GUPC has installed its industrial park and is in the process of excavating the future Pacific new locks; the terminal is thus well- positioned to support the supply logistics that are critical to the works. PSA International Pte Ltd is a leading global port operator handling 65.1m teu in 2010. The company's flagship operations are PSA Singapore Terminals and PSA Antwerp. In total, PSA participates in 29 port projects in 17 countries across Asia, Europe and the Americas. After announcing its entry into Panama, the group boosted its presence in the Latin American market by taking in 2008 a stake in Exolgan, the second largest terminal in Buenos Aires. PSA recently secured a management agreement for the port of Mariel, which will replace Havana as the main port of entry into Cuba when completed.
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