Recently published research from Business Monitor International, "Panama Freight Transport Report Q2 2015", is now available at Fast Market Research



[ClickPress, Sun Apr 19 2015] Once the Panama Canal expansion project concludes in 2016, after delays in 2014 due to strikes look poised to prolong the construction process, real GDP growth will slow due to a deceleration in construction. That said, growth will continue to be healthy in the air and maritime freight sectors going forward with the expansion of the Canal offering widespread upside risk over the medium to long term.

Also, the newly expanded Tocumen International Airport has become a regional hub in Latin America for travel across that part of the world and the facility is projected to handle 18 million passengers by 2022 (which represents a huge number for a country of just 3.6 million people) thus providing optimism for the air freight sector over the medium term.

In 2015, we anticipate total trade growth to return to the positive after a contraction in growth in 2014. Meanwhile, year-on-year (y-o-y) air freight growth is set to come in at a healthy 4.00% in 2015, a decent rise on last year's 2.56% gains. In the maritime sphere, the outperformer in terms of y-o-y growth will be Colon Port Terminal at 5.50%. We have once more pencilled in steady y-o-y tonnage growth at the country's two main ports Balboa and Manzanillo (3.60% and 4.80% respectively) in 2015.

Full Report Details at
- http://www.fastmr.com/prod/980266_panama_freight_transport_report_q2_2015.aspx?afid=301

Headline Industry Developments

* 2015 air freight tonnage is set to grow by 4.00%, to 123,900 tonnes.
* 2015 tonnage throughput at Balboa is expected to grow by 3.60% to reach 23.77mn tonnes.
* 2015 tonnage throughput at Manzanillo is forecast to grow by 4.80% to reach 15.18mn tonnes.

Latest Developments

ACP Releases New Toll Proposal For Ships - The Panama Canal Authority (ACP) has released details of its proposed tolls for ships passing through the inter-oceanic waterway, Fox News Latino reported at the start of January 2015. The new toll proposal, approved by the authority's board on December 24, 'includes a significant reduction in tolls according to the ship's capacity, and price differences on the basis of the...

The Panama Freight Transport Report has been researched at source, and features latest-available data covering commercial transport and logistics by road, rail, air and water; industry forecasts, company rankings covering leading national and multinational operators; and analysis of latest industry trends, opportunities, projects and regulatory changes.

BMI Research's Panama Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Panamanian freight transport and logistics industry.

Key Benefits

* Benchmark BMI's independent freight transport industry forecasts on Panama to test other views - a key input for successful budgetary and planning in the strategic freight transport market.

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