THE United Nations Economic Commission for Latin America and the Caribbean (Comision Economica para America Latina y el Caribe or CEPAL) has voted Puerto Cortes operated by Operadora Portuaria Centroamericana (OPC), the Honduran subsidiary of International Container Terminal Services, Inc (ICTSI), as the best maritime terminal in the Central America-4 (CA-4) region and 24th best in Latin America.
Container cargo movement at OPC grew 4.5 per cent in 2018 over the previous year, CEPAL noted in its 2018 Port Rankings released recently.
OPC chief executive officer, Mariano Turnes, said that the recent port rankings perfectly underscore ICTSI's commitment towards the development of Honduras' largest port, and its crucial role in advancing the CA-4 economies.
'Puerto Cortes is an example of what can be achieved through a public-private partnership and with the support of ICTSI. The investments made by OPC, which amounts to more than US$250 million in infrastructure and technology, have contributed to the port's efficiency and competitiveness, enabling higher productivity and safer operations based on international standards and competitive rates at the regional level.'
He adds: 'We have always believed in the region and in its potential and we have a robust investment plan for the modernisation and development of Puerto Cortes.'
In 2018, ICTSI completed its $145 million Pier 6 greenfield development for OPC, which represents the first phase of expansion work in Puertos Cortes. More large-scale projects are in the pipeline for the coming years, including the construction and expansion of the container yard, and implementation of advanced port technologies for greater efficiency.
Across the region, container throughput in Latin America and Caribbean ports increased by 7.7 per cent in 2018 in comparison with the previous year, according to the same report. Total volume in 2018 exceeded 53.2 million TEU, which represents 7.1 per cent of global throughput, marking a slight increase in the rate versus the previous year, according to a joint statement.
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Container cargo movement at OPC grew 4.5 per cent in 2018 over the previous year, CEPAL noted in its 2018 Port Rankings released recently.
OPC chief executive officer, Mariano Turnes, said that the recent port rankings perfectly underscore ICTSI's commitment towards the development of Honduras' largest port, and its crucial role in advancing the CA-4 economies.
'Puerto Cortes is an example of what can be achieved through a public-private partnership and with the support of ICTSI. The investments made by OPC, which amounts to more than US$250 million in infrastructure and technology, have contributed to the port's efficiency and competitiveness, enabling higher productivity and safer operations based on international standards and competitive rates at the regional level.'
He adds: 'We have always believed in the region and in its potential and we have a robust investment plan for the modernisation and development of Puerto Cortes.'
In 2018, ICTSI completed its $145 million Pier 6 greenfield development for OPC, which represents the first phase of expansion work in Puertos Cortes. More large-scale projects are in the pipeline for the coming years, including the construction and expansion of the container yard, and implementation of advanced port technologies for greater efficiency.
Across the region, container throughput in Latin America and Caribbean ports increased by 7.7 per cent in 2018 in comparison with the previous year, according to the same report. Total volume in 2018 exceeded 53.2 million TEU, which represents 7.1 per cent of global throughput, marking a slight increase in the rate versus the previous year, according to a joint statement.
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