Wednesday, December 1, 2010

Mexican Container Shipping Recovers to Record Level, Punta Colonet Mega-Port Next

Dow Jones is reporting today that Mexico expects container traffic at its ports to rise 26% this year (2010) from 2009 to 3.62 million twenty-foot equivalent units, or TEUs, reflecting a sharp recovery in trade as well as public investments to increase capacity. Numbers were provided by Mexico’s Communications and Transport Ministry. Container traffic at Mexico's ports this year is expected to surpass the previous record of 3.32 million TEUs, set in 2008.

Trade has been a key part of Mexico's economic recovery, with exports in the January to October period rising 32% from a year earlier to $243.31 billion and imports up 30% to $246.11 billion.

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