Concerns Rise Over Panama Ports Transition and Cargo Operations Disruptions

The recent cancellation of the contract with Panama Ports Company has led to operational disruptions at the Balboa and Cristóbal ports, raising concerns among local clients. Following the official announcement, the Panama Maritime Authority has taken control of the ports and is implementing new technological systems, which have temporarily hindered full operations. The transition is expected to last up to 18 months, during which two temporary concession contracts have been awarded to APMT Panamá and TIL Panamá. Local stakeholders, including the Industrial Union of Panama, are worried about potential impacts on supply chains, especially for perishable goods, even as authorities assure that interoceanic operations remain normal. Exporters are currently facing challenges in container retrieval but are receiving some support from alternative ports.

Key Details: • Contract with Panama Ports Company annulled, effective immediately. • Temporary operations managed by APMT Panamá and TIL Panamá for up to 18 months. • Concerns about supply chain disruptions, especially for perishable goods. • Exporters report difficulties in retrieving empty containers for export. • Panama Maritime Authority assures that interoceanic operations continue normally.