According to The Economic Commission for Latin America and the Caribbean (CEPAL) it is expected that Latin American economies will grow approximately 4%, and in Panama’s case between 7 and 8 % in 2013 as per Ricardo Sanchez, Chief of the Infrastructure Unit, during his recent visit to Panama.
He indicated that the growth rate of containerized cargo expected for the west coast of Latin America will be 10% and 8.8% for the east coast.
According to Sanchez, Asia will represent more than half of the world’s growth, while Latin America will contribute with a bigger percentage than Europe.
According to the Panama Canal Authority, the forecast for Panama’s containerized cargo will be 8.4 million TEU’S for 2015 and 12.4 million for 2020. During the third quarter of 2012, Panamanian port system grew 5.9% in comparison to same period in 2011.
Barrdega Sistems 2013 Glenn Tosco
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