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Terminal operators compete to run Panama Canal's Corozal Port

Four port operators have been pre-qualified during the Request for Qualifications for companies interested in competing to design, develop, finance, construct, operate and maintain the Corozal Container Terminal, according to a statement from the Panama Canal Authority.

The four companies are: APM Terminals B.V. (Netherlands – part of Maersk Group); Terminal Link (France – part of CMA CGM); PSA International (Singapore) and Terminal Investment Limited (Netherlands).

"The result of this process demonstrates the potential of Corozal Port and especially the confidence of the leading port operators in the world," said Panama Canal Administrator Jorge L. Quijano. "The new Corozal Port is among the most advanced synergistic business initiatives, providing new products and services to customers in the maritime industry. The new port is certain to enhance the canal's offering and revenue base."

By March 11, 2016, the RFQ closing date, the Panama Canal Authority (ACP) had received documentation from seven companies interested in the pre-qualification for Corozal Container Terminal.

In addition to the pre-qualified companies, Mitsui O.S.K. Lines (Japan), Manzanillo International Terminal - Panama, S.A. (Panama), and Ports America Terminal Holdings II (USA) also participated in the process.

About the pre-qualified port operators:

PSA International Pte., Ltd
PSA International Pte., Ltd is based in Singapore

and was founded in 1964. It is positioned as the largest port operator worldwide mobilizing more than 64 million TEUs in 2015. It has 44 terminals in 14 countries including Panama.

Terminal Link
Terminal Link, is part of the CMA CGM Group, which is one of the five largest shipping companies in the world. It was founded in 2001 and to date has port operations in 14 countries, in four continents. In 2014, Terminal Link handled 12 million TEUs.

Terminal Investments Limited (TIL)
Over the past decade, TIL has become one of the 10 largest port operators worldwide, operating 29 terminals in 21 countries. In 2014, it moved 33 million TEUs. Mediterranean Shipping Company (MSC) develops port activities in TIL terminals.

APM Terminals
APM Terminals is based in The Hague, Netherlands, and is part of the Danish group AP Moller Group. It handled 36 million TEUs worldwide. APM Terminals operates 72 terminals in 69 countries and is currently developing eight new terminals. APM Terminals is one of the top five largest port operators worldwide.

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