News / Overcapacity may hit Caribbean transhipment ports following Panama Canal expansion

The port of La Union in El Salvador remains unused

The Panama Canal expansion has raised fears that the container terminal industry in Latin America and the Caribbean could be heading for profound overcapacity, while terminals have been urged to rethink their position in supply chains.

At last week’s TOC America Container Supply Chain event in Cancun, Giovanni Benedetti, commercial director of the Sociedad Portuaria Regional de Cartagena (SPRC), owner and operator of one of the region’s most important container hubs, said that with the arrival of larger ships in the region ...