Container traffic in Mexico declines 7.8pc in first quarter
PORTS in Mexico handled 1
PORTS in Mexico handled 1.61 million TEU in the first quarter, a year-on-year decrease of 7.8 per cent, according to Mexico's Secretariat of Communications and Transport (SCT).
The SCT announced that the Pacific ports, which trade mainly with Asia, registered the most significant decrease of 8.7 per cent with 1.08 million TEU. Port volumes in the Gulf/Caribbean area fell by 5.9 per cent to 525,420 TEU in the first quarter.
Analysts attribute the drop in cargo volumes to a reduction of import and export activity within the automotive sector, reported Seatrade Maritime News, Colchester, UK.
Manzanillo, the main port of the country, moved 704,453 TEU, down by 6.4 per cent, while the second largest port of Lazaro Cardenas saw volumes fall by 19.3 per cent to 275,928 TEU. Volumes at the third largest port of Vera Cruz shrank by 3.1 per cent to 263,633 TEU, while Altamira suffered a decline of 10.4 per cent to 198,037 TEU.
'If the Covid-19 situation does not extend too much, we expect an annual drop of six to seven per cent. So far, the current variation is directly linked to the Covid-19 situation,' said a port operator.