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Competition hits Panama's ports

Tuesday, December 16, 2014

Competition from Central American ports, as well as cost issues, have hit Panama's sea ports, said Juan Carlos Croston, president of the Panamanian maritime chamber.

Sea transport has shown sluggish recovery, and shipping firms are being hit by lack of movement.

The country's ports also face competition from other ports in Central America, which have targeted Panama's model in order to win over clients and increase their market share, Croston said.

Source (in Spanish): Panamá América