Look,the,Mexican,Shipping,Indu business, insurance A Look at the Mexican Shipping Industry
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Combined, the global shipping industry posts revenue ofaround $9 billion. Mexico's2900 Km of inland rivers play a very minor role in the transportation system.There are various freight and logistics services inland, and shipping servesinternationally. All of Mexico'ssystem of state-owned ports are administered by Puertos Mexicanos-PM. As far asgeneral cargo - especially goods to and from Mexico City- Veracruz is the most important of Mexico's ports.The TMM corporation is one of the largest companies in Mexico'sshipping and logistics sector. The Chinse company Hutchison Whampoa Limted,which control 12% of the world's container port capacity, has a major presenceat Lazaro Cardenas seaport and numerous other Mexican ports. Both ends of the Panama Canal are effectively controlled by this company.The canal is one of the most important shipping routes to every country in the Americas. Punta Colonet is slated to receive a $4 billion seaport,courtesy of the Mexican government. Planned to be completed by 2014, thisseaport will rival all the major seaports in the Americas,containers from Asia will be offloaded hereand then transported to their respective destinations. This port is intended tobe the central hub for a new shipping route linking America'sheartland to the Pacific Ocean. The port isrumored to be the largest infrastructure improvement in the history of Mexico.Shipping is one of Mexico'smost important income sources, and the port is expected to provide a majorboost to the shipping industry. The project will bring financial growth to Mexico, and compete with the dominant shippingindustry from the US.Overall the shipping industry is still maturing to its fullpotential on this Latin paradise and its just a matter of time before theirrevenues match that of the United States and the Chinese shipping industries.Also, this project will help accelerate customs import processing and preventsclog of shipments in Mexicogiving the shippers and customers ease and hassle-free in shipping to Mexico.
Look,the,Mexican,Shipping,Indu