It has been revealed by the Panama maritime authority that they expect that the country’s volume of shipping containers to experience a marked increase over the next twelve months. The authority forecast that this could be as much as ten percent of the current levels despite the global credt crunch which is affecting so many nations.

At the moment, the authority has stated that ports within Panama operate by handling just over five million, twenty foot shipping containers and this is to be increased to five and a half million by 2009.

The country has already seen marked growth in the shipping container industy over the last twelve months with the number of structures rising by over one and a half millin since 2007.

This has resulted in the main from an increase in demand for raw materials from the Chinese, coupled with the developing export market in finished goods.

The whole of the Latin America region is experiencing a massive growth within the industry and as a result vast amounts of money are being invested into the infrastructure to support this. Over $1.6m has already been spent on developing shipping facilities within Panama and this sends clear signals that the industry within the region is here to stay.

This entry was posted on Saturday, June 21st, 2008 at 5:12 pm and is filed under Shipping containers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.