MEXICO's No 2 container port, Lazaro Cardenas, has reported expanding volumes for a second straight month for the first time in one-and-a-half-years.
Newly released port statistics show that volumes had been decreasing since March 2013 until traffic rose 9.1 per cent year on year in September. Throughput was also up in October, growing 4.1 per cent year on year to 84,214 TEU.
Year-to-date, the port's throughput is down 7.2 per cent to 823,406 TEU.
The volume gains could be in part due to shippers and carriers diverting from the clogged ports of Los Angeles and Long Beach, said Newark's Journal of Commerce.
Kansas City Southern (KCS) Railway has been talking with shippers and ocean carriers about diverting shipments bound for the US Gulf region away from the congested Los Angeles-Long Beach port complex and through Lazaro Cardenas.
Moving cargo through Lazaro Cardenas extends transit times by two days, but costs 18-20 per cent less, KCS executive vice president and CMO Patrick Ottensmeyer said.
Volumes are expected to increase when a new container terminal, operated by APM Terminals, opens in June 2016.
The new terminal will add 1.2 million TEU of annual throughput capacity and the US$900 million project will include an intermodal transport corridor.
WORLD SHIPPING
09 December 2014 - 23:48
Container throughput grows two months in a row at Lazaro Cardenas port
MEXICO's No 2 container port, Lazaro Cardenas, has reported expanding volumes for a second straight month for the first time in one-and-a-half-years.
WORLD SHIPPING
09 December 2014 - 23:48
Container throughput grows two months in a row at Lazaro Cardenas port
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