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Spotlight

Port of Lazaro Cardenas

Mon, 09/01/2014 - 16:13

With 35 years of existence, the Port of Lazaro Cardenas is a young and dynamic port located on the Pacific Coast in the state of Michoacan. Given its strategic geographic position, it has become a bridge joining the commercial flow between Asia and Mexico. It is the deepest port in Mexico, with navigation areas of up to 18m, and has a displacement capacity of 170,000 tonnes. Important investments totalling US$63 million have been allocated to the development of TEC2, which will have a capacity of 1.2 million TEUs per year and will eliminate existing logistics bottlenecks and maximize efficiency in all processes. This new container terminal will promote Mexico’s competitiveness as it will offer service to ships with the capacity to transport up to 15,000 containers. Lazaro Cardenas has tightened its ties to global supply chains since it is connected to 150 ports and 38 countries. Lazaro Cardenas holds the leading position as the main Pacific vehicular cargo port with 67% market share. In terms of imports, auto parts account for 23% while exports of auto parts make up only 8%. Lazaro Cardenas manages 213,000 automotive units a year, and to further consolidate its presence within the industry, it is creating the first automated terminal for cars in Latin America with an investment of US$40 million. During the first stages, the terminal will have the capacity to handle up to 750,000 units per year, but once finished it can process between 1 million and 1.3 million units. Lazaro Cardenas’s importance is unquestionable as it has jumped on the global port ranking from 279th place to 94th in the space of eight years.