Panama Freight Transport and Shipping Report Q2 2016
BMI View: Panama has a strategic location benefitting trade between South and North America, making it a key transport hub and ensuring growth of all freight modes. The recent expansion of the canal is giving Panama the opportunity to become an important manufacturing and transport hub, which will also have a positive impact on its economic development in the future. The strengthening of trade links between the Pacific and Atlantic is also having a positive effect on Panama's industrial development, in which transport infrastructure will play an important part. The eventual completion of the Panama Canal's expansion - currently looking likely to come in 2016 - will be the major driver of the double-digit growth we anticipate at the Panamanian port of Balboa this year and over the medium term to 2020.
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