Panamanian operators commit to new investment

Even though short-lived, the ILA port strike is expected to result in a capacity decline of 10-17% for Asia exporters.

Panama needs more container terminal capacity, says the General Director at the Panama Maritime Authority.

Colón Container Terminal (CCT) has bolstered its operations with the arrival of 12 new hybrid RTG cranes from ZPMC.

Evergreen claims the world’s first installation of an onboard carbon capture system on a Neopanamax containership.

The Port of Salalah has taken delivery of the first four cranes in a series of 10 super-post panamax STS cranes being manufactured by ZPMC. The remaining cranes will arrive at Oman’s largest container port in Q2 2024 with all units fully commissioned in the third quarter of the year.

As part of an Executive Order aimed at strengthening maritime cyber-security, the Biden Administration plans to invest over US$20B over the next five years in port infrastructure including funds for recreating the domestic port crane industry