The trend of alliances and mergers of shipping companies has not only changed the face of the shipping, but it has also redefined the elections of landfall at port, based on new parameters, as evidenced by the most recent Ports and Terminals Insight, of the consultant Drewry.
Slower growth in global trade and increasing political and economic uncertainty have ratcheted up risk for the Caribbean’s transshipment port operators following the expansion of the Panama Canal. Jennifer P. Roig from InfraLatinAmerica asks industry experts which operations are likely to appeal to lenders
Highlighted the crisis of port industry as a result of the static of the foreign trade and therefore of the containers movement, warning about the oversizing of the sector during times of crisis that has led to failures such as Tecplata in Argentina and La Union in El Salvador.
As of general interest, we transcribe interview of Mundo Maritimo of Chile to Latinports’ executive director, Julian Palacio, following his presentation on the recent Latin American Port Expansion Summit in Lima, Peru, where he explained that “while creating unnecessary port infrastructure, internal transport is neglected”.
The Leading Ports & Logistics Conference for Latin America Panama City
Sheraton Grand Hotel – June 28 & 29, 2017
One year after the third of locks came into operation in the Panama Canal, Latin American ports plans are becoming real, with new projects as well as new needs for update and modernize facilities, opening wide business opportunities.
After two successful editions of the Latin America Port Expansion Summit in Peru & Colombia, Lnoppen will host its 3rd edition this time in Mexico, with Latinports as Associated Partner, as on the previous occasions.
Within the framework of its participation as a speaker at the seminar “Port Community System (PCS), coordination tools for the port logistics”, the Spanish specialist Lluís Miró, consultant in the area of ports and logistics of the company IDOM (Engineering and Management Works and Mounting), Pablo Fortin of PortalPortuario.cl gave his vision regarding the current Chilean port development and the challenges of the industry , concepts that apply in general to all the Latin American ports.
According to data released by Eclac, the movement of containerized cargo in Latin American and the Caribbean ports fell 0.9% in 2016, the worst performance since the crisis of 2009, while globally the behavior was positive but low.
The deterioration in 2016 was determined mainly by decreases in the activity of four important Latin American countries: Panama (- 9.1%), Argentina (- 6.1%), Brazil (- 4.4%) and Colombia (- 3.6%), some of them with important activity of transhipment (Balboa, Panama and Cartagena, Colombia). These falls were mitigated by increases observed in some countries in the region that contributed increases to total volume: Uruguay (9.5% increase), Guatemala (8.8%), Peru (8.4%), Dominican Republic (8.3%), Costa Rica (7.3%), Chile (4.8%), Ecuador (4.5%) and Mexico (3.2%).
Globally, during 2016 ports in container traffic also had a low dynamism. According to the estimates of the publication Alphaliner, volumes in the first 100 container ports in the world rose just 1.8 percent in 2016
Excerpt from an interesting article written by Karla López for the latest edition of the Informar magazine of the Ecuador Maritime Chamber, Camae.