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Four port operators wants Panama's Corozal Container Terminal

Staff writer |
Singapore's PSA International is one of four port operators to have pre-qualified to build and operate Panama's Corozal Container Terminal, the Panama Canal Authority announced.

The other three are APM Terminals and Terminal Investment from the Netherlands and Terminal Link from France, PCA said in a statement, Platts reports.

"The result of this process demonstrates the potential of Corozal Port and especially the confidence of the leading port operators in the world," Panama Canal Administrator Jorge Quijano said in the statement.

Seven companies took part in the pre-qualification process, which closed March 11. In addition to the pre-qualified companies, Japan's Mitsui O.S.K. Lines, Manzanillo International Terminal from Panama and Ports America Terminal Holdings II Inc. participated in the process.

PSA International is one of the largest port operators in the world, with 44 terminals in 14 countries including Panama. Last year, it handled more than 64 million TEUs (twenty-foot equivalent).

Hague-based APM Terminals is part of Danish group AP Moller Group. It operates 72 terminals in 69 countries and is currently developing eight new terminals. It handled 36 million TEUs last year, according to its website.

Dutch Terminal Investments is one of the 10 largest port operators in the world with operations at 29 terminals in 21 countries.

France's Terminal Link, part of the CMA CGM Group, is one of the five largest shipping companies in the world with operations in 14 countries. It handled 12 million TEUs in 2014, according to its website.

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