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SSA Marine invests $200 million in Panama ports

Thursday, December 8, 2011

US-based SSA Marine announced an investment of more than $200 million to boost the port infrastructure and services of Panama’s Atlantic coast.

The investment will boost the facilities of the Manzanillo International Terminal, a SSA affiliate, and will include dredging of the access channel and three new wharves for the post-Panamax vessels that will use the Panama Canal after its expansion in 2014.

Ricardo Martinelli, the Panamanian president, said that, following the ratification of the US trade accord between Panama and the United States “more companies are interested in investing in Panama, and the Manzanillo terminal is one of them.”

Original source (in Spanish): Associated Press