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Since 1997, Panama Ports Company (PPC) is in charge of managing two
ports, one on each side of the Panama Canal. The Port of Balboa is
located in the city of Panama (Pacific Ocean) and the Port of
Cristobal, in the city of Colon (Atlantic Ocean). The company
began operations in Panama through a 25-year extendable concession
by granted by the government (Law 5 of January 16, 1997) for the
administration of both ports. |
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Panama Ports Company is at present carrying out investments of more than US$1,000
million in both ports to transform them in megaports so they will
increase their capacity to handle 6.5 million TEUs. These
investments provide a significant upturn for the economy, both
local as well as that of the entire American region. In addition,
this requires the implementation of continuous recruitment and
training programs, so as to offer its personnel a port career,
guaranteeing the highest levels of productivity to its thousands
of users. |
Panama Ports Company’s mission is to be the world market leader in port development and
operation and logistical services in America. Its objectives are
to facilitate global commerce and economic growth through the
development and modernization of the ports and auxiliary services,
in addition to assisting and counselling world commercial
organizations and government authorities involved in port
infrastructure, maritime and transportation matters to increase
global welfare to all by moving and exchanging products, people,
ideas and cultures.
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Panama Ports Company is committed to provide links and strategic access in the
Transatlantic and Transpacific routes. Its dynamic business is
directed to its clients and to enhance the competition of the many
lines to which it provides first-class services backed up by
advanced technologies.
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In its IV Phase of expansion, with an additional investment of
US$300 million, it will handle 4 million TEU and serve megaships
from the most important trade routes in the world. |
Mission
To be the leading corporation in Panama in
port development and operation. |
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The growing demand for new tourist destinations, products and services, have consolidated
PPC as an organization dedicated to maritime activity of a great versatility. |
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