The report raised economic forecasts for Latin America and the Caribbean, the Inter-American Development Bank (IDB), growth analysis for this region is not encouraging. The main reasons why the economy in this region will grow below the global trend is the lack of investment and poor investments.
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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”.
According to Drewry Maritime Research, despite the upturn in the containers movement in 2017, the recent ports and trade statistics suggest that prospects are still too much on the defensive.
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
M/V MOL Triumph, from the shipping company Mitsui OSK Lines, became the world’s largest containership with a capacity to transport up to 20.150 TEUs. The ship, christened March 15, has 400 metres length, 58.8 meters beam, has a serie of technological improvements that give it greater efficiency from the point of view of fuel consumption, what constitutes a benefit to the environment. It will be delivered on March 27, while other three sister vessels – to be deployed on the routes Asia-Europa- will be received in the course of this year.
The Panama Canal Authority reported that none of the pre-qualified companies presented their offer on Friday, March 3, to compete in the design, construction, development and operation of a container port in Corozal West. The four consortiums that were able to offer were APM Terminals B.V. (Netherlands); Terminal Link (France); PSA International Ltd. (Singapore), and Terminal Investment Ltd. (Netherlands).