CMA CGM to make Kingston its hub for anticipated Panama Canal boom
French container giant CMA CGM is making Kingston Container Terminal in Jamaica its strategic hub for transshipment business anticipated from the expanded Panama Canal.
The company is one of the Canal’s busiest clients and will surely continue to be so after this coming Sunday’s inauguration of the bigger and better Canal with its increased capacity for handling large vessels, the Neo-Panamaxes.
The Canal has been widened and deepened and had new locks built at both the Pacific and Atlantic ends.
CMA CGM, through its subsidiary Kingston Freeport Terminal and under a concession agreement with Jamaican authorities, has invested in improving the staffing and technical capabilities at the terminal.
Kingston Container Terminal is just one day’s sailing from Panama and is well located for the onward shipment of cargo to ports on the US east coast, in the Gulf of Mexico and in north and east Brazil.
