Panamá Canal attract industries that did not use shipping

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The Panama Canal expansion will lead to a redistribution of cargo shares in Latin America including Mexico, according to the analysis of the Mexican Association of Shipping Agents (AMANAC), at the meeting of the General Assembly of the American Chamber of Associations national maritime agents (CIANAM).

During his participation at the event held in Panama, Francisco Mendoza Orozco, President of the AMANAC and CIANAM he stressed that the benefits of the expansion of the waterway will feature the transport of large volumes of containers and bulk cargo with shorter lead times, according to a statement.

“Besides imply the reduction in transport costs, allow the increase in the supply of services and frequencies as well as the attraction of the maritime transport industries not used, where Mexico is not free,” he said.

The expansion of the locks or dams for transit Ultra mega ships Post Panamax type up to 18 thousand containers, improve the efficiency of hemispheric logistics chain, connecting markets on the west coast of South America to the US East Coast and Europe, with economic growth of Latin American countries, including Mexico.

Increasing the port capacity of the Panama Canal is in balance with the growth of container ships, which transport have passed five thousand TEU (20-foot containers) to 13 000 TEU over a period of 10 years, which means new efficiencies for ports and a redistribution of the burden on economies of scale.

The work, which has already entered the final stage of its construction, said AMANAC during the assembly, will allow addressing more than 16 thousand transits per year, representing sufficient capacity to deal with trade growth beyond the year 2025, a traffic volume to grow at a rate of 3% annually over the next 20 years.

Fuente: @RevistaT21

Ernesto Chong de León, Ernesto Emilio Chong Coronado