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ARTICLE · 14 APRIL 2016

Dispatch: PSA Sees Opportunities In Latin America

There will also be state-of-the art warehouses, a secure and uncongested access road and fast truck turnaround times.

PanamaTransport
Patton, Moreno & Asvat
Patton, Moreno & Asvat

By Michele Labrut from Panama---Global container terminal operator PSA International's head for Latin America Enno Koll is confident that the region offers opportunities to port operators now that the Panama Canal expansion inauguration is less than 10 months away.

The opening of the expanded canal, which will allow containerships of up to 13,000 TEU to transit the waterway, is planned for the second quarter of 2016.

"Increased consumption is likely to lead to more transhipment and destination cargoes. We see certain countries on the West Coast of Latin America still enjoying healthy GDP growth and this has a positive knock on effect on container volumes," says Koll who has based in Panama since his arrival a year ago. "Good economic growth which engenders higher disposable incomes has also contributed to increased imports from Asia using containers, which are often transhipped on the Pacific side of Panama," he explains.

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