Latin America: Colon Top Port
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25th April 2011

Panama’s top container ports are now the largest in Latin America, thanks to strong growth.
BY JOACHIM BAMRUD
 
The port of Colon in Panama has replaced Santos in Brazil as Latin America’s top container port, according to the sixth annual ranking of Latin America’s Top 50 Ports from Latin Business Chronicle based on data from the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).
 
Thanks to a 27.1 percent increase in container traffic last year, Colon managed to go from second to first place on the ranking. The port of Balboa in Panama also inched up on the ranking to second place, leading Santos to drop to third place.
 
Balboa posted a 37.1 percent increase in container traffic last year, the second-highest growth rate among the top 50 ports.
 
Santos performed well, but with a lower growth rate than Colon and Balboa: 20.4 percent.
 
All in all, the top 50 ports in Latin America boosted their traffic by 19.3 percent last year, according to the Latin Business Chronicle analysis.
 
COLON AND BALBOA
 
Colon’s container traffic reached 2.81 million TEU’s (twenty-foot equivalent units, the industry standard to measure container traffic). Balboa reached 2.76 million TEUs.
 
Colon consists of several terminals operated by the Panama Ports Company (PPC, a unit of Hong Kong-based Hutchison Whampoa), Manzanillo International Terminal (MIT, a partnership between U.S.-based Carrix, Inc. and the local Motta and …

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