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Analysis

Port of Manzanillo

Mon, 09/01/2014 - 16:50

The Port of Manzanillo holds the leading position in terms of containerization processes, with the capacity to move over 1.8 million TEU. In the entry of containers (TEU), it holds a participation of 68% on the Pacific and 46% for the whole country. Positioned as the main entry point of containerized cargo, Manzanillo holds a reputation for its security and social stability that allows it to attract major private investment. By 2020, it is predicted that the port will register an investment of US$5.7 billion. In 2013, Manzanillo received the vast majority of port investments, according to the SCT. Manzanillo has focused on developing its multimodal transportation services by collaborating with Ferromex and creating an intricate network with three ports on the Pacific and three in the Gulf of Mexico. It stands in 66th place among ports worldwide and is fifth in Latin America for equipment and productivity. Responding PORT OF MANZANILLO to the surge in traffic of containerized cargo by 22% seen last year, it decided to create the Dedicated Container Terminal II (TECII) with an investment US$392 million. TECII will have a capacity of 400,000 TEU, which will be able to move 2 million TEU.

The aim of the port is to reach an offloading capacity of 4 million TEU, which amounts to the entire offloading done by all ports nationwide. This new investment will boost Manzanillo’s role within the automotive industry as it only holds a 1% market share. While the port manages annually 2 million containers of merchandise, it only has the volume capacity to handle 65,000 vehicle units. To increase its participation, the port is currently designing its first Specialized Automotive Terminal, with investment expected to reach US$192 million prior to completion in 2015.