Category: News

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Containers Cargo Movement Increases 6% in 2017: Eclac

This average percentage says a recovery with respect to that recorded in the last three years, when growth rates were low or negative at the regional and global levels. Countries whose container terminals had a greater contribution to the variation in the volume of cargo operated with respect to the previous year are: Dominican Republic (24%), Colombia (13%), Mexico (12%) and Panama (10%). ECLAC said that the region top 10 ports caught in aggregate form 48% of containers, with a variation of 8%, two points above the regional average.

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The Boom Can Last Little

In an interview with Portfolio of Colombia, President of the Inter-American Development Bank said that “it is clear that the good times are back, but more than one considers that this boom can last a little and that there are many crosswinds that must provide attention. More than one recalls that ten years ago everything seemed very well and a few months later the bubble burst”.

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Collapse Continues in Containers Movement

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