Tuesday, November 30, 2021

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Panamanian ports are efficient

Thursday, December 17, 2015


 

Panama has the most efficient ports in Central America, with a combination of the shortest turn-around time and the second-lowest cost of procedures, according to Doing Business of the World Bank.

Customs and other documentation cost $720, while the average time spent by ships in the ports of Balboa and Colón is 31 hours.

The cost of documentation in El Salvador’s Port Union is only $610; however, docking time is 51 hours.

The average docking time in the Costa Rican ports of Moin & Caldera is lower than in El Salvador, but formalities cost $1,027.

Puerto Cortés of Honduras is the least efficient in both categories, charging $1,839, with an average wait time of eight days (the ranking includes the total cost to the carrier, taking into account formalities and time value).

 

1             Panama

2             El Salvador

3             Costa Rica

4             Guatemala

5             Nicaragua

6             Honduras