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”.
Long ago we have been insisting that the runaway growth in the size of ships seeking to reduce their costs had to be slowed down, and looks set to be so, because what was apparently good for the maritime industry was not for the port industry or for foreign trade.