Port Panama City Fire Could Cost Millions to Port and it's Client

By: Chad Mira
By: Chad Mira

Panama City - Port Panama City officials say they'll continue to work with Green Circle Energy Plant, despite a fire that started in it's shipping and storage facility last week. That fire could end up costing the port millions of dollars.

Green Circle Energy Plant, based in Cottondale, used the facility at the port to store and ship wood pellets that are used at power plants in Europe. They're extremely flammable.

Turns out though, the fire started as a result of the port's conveyor system. That could cost a million dollars to replace, and repairs to the facility itself could cost another million.

A ship is normally docked for a few days while it's cargo is loaded, but with delays from this fire, port officials say ships could end up docked for up to 25 days.


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