Panama in talks with port operator DP World
The ports operator DP World is in talks with Panama ahead of the completion of the country’s expansion of its key trade conduit, the Panama Canal.
DP World manages about 65 marine terminals around the world, including in Latin America, where it has operations in Argentina, the Dominican Republic and Peru.
The expanded Panama Canal, expected to start operations in January of 2016, will help to reduce the cost of trade as it will allow larger vessels with a capacity of 13,500 standard container units to pass through the waterway.
Source: The National