Several ports of Panama

PANAMA PORTS COMPANY

A subsidiary of Hutchinson Whampoa, a company with more than 27,000 employees worldwide, operates in 44 ports 255 springs in 22 countries around the world. HPH has made considerable investments in more than 27 ports worldwide and manages approximately 10% of container traffic in the world. Panama Ports manages the handling of two terminal ports in the Republic of Panama, one in the Caribbean and the other in the Pacific. The Port of Cristobal has more than a century of operating commercially. According to history, the first built on wooden piers date from 1851 when Christopher was designed to discharge men and materials for the construction of trans-isthmus railway. In 1997, Panama Ports Company began the process of transformation of the spring to suit the changing needs of global trade, ie to transport containerized cargo. Cristobal Port Expansion Port of Cristobal, to be completed in 2008, will offer its customers 3.731 meters of quay, 10 gantry cranes (Panamax and Post Panamax), offering a capacity of 1.5 million TEU’s. The work on Phase I, which began in 2005, Christopher will transform into a world class port and in the short term, a megaport like Balboa. These phases include the construction of pier 660 meters deep, six (6) acres of tank storage area, equipped with seven (7) gantry cranes and 18 RTGs. Port of Balboa Port of Balboa has 1196 meters of deep water quay and 16 hectares of area for storage of containers with 14 gantry cranes (Panamax and Post Panamax) and 37 RTGs. In 2006, the port handled more than one million TEUs. In order to increase the installed capacity This port started its expansion through several phases. Phase III began in January 2005 and represented an investment of U.S. $ 200 million. Currently, the terminal is in Phase IV, which represents an investment of U.S. $ 300 million to transform it into a mega-port. These works culminate in 2008. After completing all phases of the modernization program, the Port of Balboa will be 3.104 meters of quay, 22 gantry cranes (Panamax and Post Panamax) and 57 RTGs, which will increase the installed capacity for container handling in more than three ( 3) million TEUs annually. The Port of Balboa is one of the world’s best-known ports, mainly because of the enormous amount of traffic that flows through the Panama Canal. Additionally, Panama Ports Company is committed to transforming the ports in major centers to meet the Pacific trade routes.

PORT OF BALBOA

The Port of Balboa, located on the Pacific side of the Panama Canal, has invested over US$500 million on its facilities. A 2.44-kilometre quay with a depth alongside of 16 metres, 10 post-Panamax quay cranes and eight Panamax quay cranes allow the port to handle up to one post-Panamax ship, two Panamax vessels, and one feeder container vessel simultaneously. The port also has 48 rubber-tyred gantry cranes, six reachstackers, and 28 empty container handlers.

The Port of Balboa and its sister port at Cristobal are operated by Panama Ports Company (PPC) – the Panama-based subsidiary of the HPH Group. PPC offers a one-stop shop with world-class efficiency and comprehensive services that ensure the ports maintain top reputations with shipping lines.

Located

PPC, a subsidiary of Hutchison Port Holdings, operates two ports in Panama, the Balboa port located at the end of the Panama Canal on the Pacific Ocean and the Cristóbal port in the Panama Canal exit to the Atlantic Ocean. It serves as a major hub for serving as major hubs for the Atlantic and Pacific trade routes. Port facilities have the capability to handle containers, general cargo, loose cargo, and passenger ships.

Facilities

Total Area (hectares) 182 Container Berths 4 Multi Purpose Berths 2 Total Berth Length (m) 2,440 Depth Alongside (m) 16

Container Quay Cranes

18

Rubber Tyred Gantry Cranes

48

Reachstackers

6

Warehouse (sq m)

2,100

MIT

MIT provides customers with secure, flexible, and efficient services featuring fully automated vessel and gate systems, world-class productivity, container maintenance & repair, around the clock security and on-site customer office space.

MIT’s highly motivated and well-trained work force of over 900 employees and modern facilities and equipment have helped make MIT both the largest and most productive container transshipment hub in Latin America.

Throughout the years, MIT has garnered numerous awards, including being named one of the top 10 most efficient ports in the world by Containerization International. MIT has also being honored 3 times by the Caribbean Shipping Association, most recently as the “Best Container Terminal in the Caribbean for 2004.

Safety

Prevention of accidents or injuries is the key element in protecting our most valuable asset: our people. That is why MIT has various mishap prevention and emergency readiness programs that include Professional Training, Safety Promotion as well as accident investigations.

MIT is a member of local and international organizations that work towards accident prevention, such as: The Council of Health, Safety and Environment of Panama and the National Fire Protection Association (NFPA).

Additionally, an Emergency Response Team, which works through the MIT Industrial Safety Department, is on call 24 hours a day to manage incidents and emergencies, including medical first aid, hazardous materials spills, fire and environmental pollution. The Industial Safety Department is certified under ISO 9001:2000 standards since April 2004.

Finally, clinic and medical transport services are provided to MIT employees.

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