In 2018, Panamanian ports handled more than 7M TEU for the first time
The so-called Colón Port Complex, which includes Manzanillo International Terminal (MIT), Colón Container Terminal (CCT) and Cristóbal, is now considered Latin America’s leading container handling facility.
Its 2018 throughput of 4,324,164 TEU topped than the 4,122,243 TEU posted by Santos, according to provisional figures released by the Economic Commission for Latin America and the Caribbean (ECLAC).
The 11% hike in traffic recorded by Colón also resulted in a new record for the combined terminals.
However, Panama’s Pacific coast ports lost third place in the Latin American league table to the Mexican Port of Manzanillo, whose 8.8% growth meant it handled in excess of 3M TEU for the first time.
Balboa and PSA Panama came fourth, registering traffic on the year of 2,662,925 TEU, up 10.8%, although a long way from their own 2012 record of 3,251,131TEU.
In total, Panamanian ports combined handled 7,014,393 TEU, which was growth of 17%. While MIT and CCT handled 461,438 TEU more in the year, Balboa reported a drop of 851,012 TEU, although PSA Panama gained 527,320 TEU.