Prudence with Respect to the Future
During the current millennium the economic performance has been fluctuating and unpredictable, which has resulted in a high uncertainty for the port sector planning.
It ends the year with optimistic results in the movement of containers both the economic performance and predictions in the same direction for the medium term. Being this the most important news for the sector in recent years, to the end of 2017 slowdown occurred during previous years we must serve experience for prudence with regard to the futureLatinports has made an Analysis that can consult in this page, which summarizes the presentation of the executive director at the Latin America Port Expansion Summit held in Mexico November 30 and December 1.
Even though the slowdown occurred during previous years we must serve experience for prudence with regard to the future, we are concerned that irresponsibly terminals still planning as if these were magnets that attract cargo without having into account their market size and their niches. Even more so when it has been proved that the policy of shipping companies within the predator oligopoly is call less and less terminals.
It is our hope that, next to start a new year with apparent good prospects, we avoid to continue the proliferation of terminals (favela ports), oversizing the existing and, worse still, the new construction without having sufficient cargo that justifies them (white elephants), as according to ECLAC and as it has been demonstrated during the Millennium, the performance of the economy is fluctuating and unpredictable.
And speaking of 2018, we would inform you that, in follow-up our previous editorial, starting January Latinports will no longer be a closed Association but it will be an open to all ports and terminals in the region, without cost of membership or maintenance fees. They will only cost studies and special presentations.
A happy new year to all.