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The Port of Balboa exceeded the expectations of the company, the clients and the potential of a team that was 100% Panamanian. Since its inauguration in November 2000, the Port of Balboa container terminal has consolidated to become one of the important terminals in Panama. In the year 2001, just six months later, it had accomplished the handling of 380,000 TEU, reaching its maximum capacity. This event lead to the construction of the third expansion phase and the modernization of the port, which concluded and was inaugurated in January 2005, noticeably increasing the capacity and handling of the cargo in the port.
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P recedents: Balboa was first located at the former La Boca French Port, on the Panamanian Pacific end. The port was refurbished by the Americans at the beginning of the construction of the Canal into a modern facility named Ancon. Later it received its present name: Balboa. Since its inauguration in 1909, it was a vital port for maritime trade on the Pacific because it was the only one in its category between Salina Cruz, Mexico, and El Callao, Peru which represented the vessels
of great fret of those days (3 000 tons) a passage of two thousand miles between both points.
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The Port of Balboa has had the geographic advantage that is the Isthmus of Panama, as well at the opportunity to grow according to the demands of world markets. This has caused the largest shipping lines in the world to focus on it. The growth has granted PPC the satisfaction of having 30% of the cargo market moving through the Panamanian ports (according to official numbers given by the Panamanian Maritime Authority).
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Amongst the most significant events of the decade there are: |
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2006, reached the handling of 1 million TEU. |
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2007, received the first Postpanamax ship: the Maersk Seletar, with a nominal capacity of 6,500 TEU. |
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2007, weekly service to Postpanamax ships. This service, AC-2, includes six ships and operates between Asia and the west coast of Latin America, servicing the Yantian (China), Hong Kong (China), Kwangyang (South Korea), Lazaro Cardenas (Mexico) and Balboa (Panama). |
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It acts as a hub for cargo from the west coast of South America and the Caribbean, as well as the center for the repositioning of empty containers. |
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