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Four Operators Pre-Qualified for Panama Canal's Corozal Port

Panama Canal

By MarEx 2016-05-03 20:12:40

Four port operators have been pre-qualified to compete for the design, development, financing, construction, operation and maintenance of the Panama Canal’s eastern side Corozal container terminal.

The companies were:  APM Terminals B.V. (Netherlands); Terminal Link (France); PSA International Pte., Ltd (Singapore) and Terminal Investment Limited, S.A. (Netherlands).

"The result of this process demonstrates the potential of Corozal Port and especially the confidence of the leading port operators in the world," Panama Canal Administrator Jorge L. Quijano said. “The new Corozal Port is among the most advanced synergistic business initiatives, providing new products and services to customers in the maritime industry. The new port is certain to enhance the Canal’s offering and revenue base.”

In addition to pre-qualified companies, Mitsui O.S.K. Lines (Japan), Manzanillo International Terminal - Panama, S.A. (Panama), and Ports America Terminal Holdings II, Inc. (USA) also participated in the process.

PSA International Pte., Ltd

PSA International Pte., Ltd is based in Singapore and was founded in 1964. It is positioned as the largest port operator worldwide mobilizing more than 64 million TEUs in 2015. It has 44 terminals in 14 countries including Panama.

Terminal Link

Terminal Link is part of the CMA CGM Group, which is one of the five largest shipping companies in the world. It was founded in 2001 and to date has port operations in 14 countries, in four continents. In 2014, Terminal Link handled 12 million TEUs.

Terminal Investments Limited (TIL)

Over the past decade, TIL has become one of the 10 largest port operators worldwide, operating 29 terminals in 21 countries. In 2014, it moved 33 million TEUs. Mediterranean Shipping Company (MSC) develops port activities in TIL terminals.

APM Terminals

APM Terminals is based in The Hague, Netherlands, and is part of the Danish group AP Moller Group. It handled 36 million TEUs worldwide. APM Terminals operates 72 terminals in 69 countries and is currently developing eight new terminals. APM Terminals is one of the top five largest port operators worldwide.