Danish shipping firm Maersk inaugurated on Tuesday a $460 million container terminal in the Mexican port of Lazaro Cardenas. The ceremony to open the terminal was presided over by Mexican President Enrique Peña Nieto and Danish Prime Minister Lars Løkke Rasmussen.
Constructed by APM Terminal, the Danish firm’s port division, the terminal encompasses 47 hectares […]
Major Mexican ports are reporting little damage in the wake of Hurricane Patricia.
Reuters reported the storm caused less damage than expected in Manzanillo, the country’s largest port and that the port reopened on Saturday afternoon.
Further to the south in Lazaro Cardenas, where APM Terminals has a large new facility under construction, all staff […]
APM Terminal is building a new container facility in the port of Lázaro Cárdenas, on the Mexican Pacific coast.
In 2012, APM Terminals signed a 32-year concession for the design, construction and operation of a new deepwater terminal at the port of Lázaro Cárdenas. The project will represent an overall investment of $900m, said APMT […]
Port of Long Beach officials estimate a loss of $3.3 million to $4.9 million a year due to the dockage waiver program, but the measure is expected to attract additional cargo to Long Beach, and help to offset the costs with an increase in revenue from other fees.
In a statement announcing the incentives, Long […]
MOL’s news release expresses confidence in a projected increase in automobiles manufactured in Mexico.
Mitsui O.S.K. Lines, Ltd. has announced that it started new car carrier services that transport vehicles produced in Mexico to ports in NAFTA region.
Around 3 million vehicles were produced in Mexico in 2013, about 80% of which were exported. As […]
Lázaro Cárdenas port has been taken over by military. APM Terminals, SSA Marine and Hutchison Port Holdings are expanding at the port. Photo by El Informador.
The Mexican military has taken the reins of the Port of Lázaro Cárdenas, one of the country’s largest container ports, as Mexico attempts to crack down on surrounding drug […]
Port of Lázaro Cárdenas
APM Terminals broke ground last week on its new Mexican container terminal this week at the Port of Lázaro Cárdenas – the country’s second busiest box facility.
The TEC2 facility will be developed in three stages; Phase I with an annual throughput capacity of 1.2 million TEU is expected to begin […]
From the News Tribune:
Tacoma, other West Coast ports face challenges: Competiton from north, south of U.S. borders
While the terminal operators in Mexico and Canada talk about serving their national markets, both Prince Rupert and Lazaro Cardenas have a common attribute that could make them strong competitors for U.S. business. Both ports are connected […]
Lazaro Cardenas port
APM Terminals, the ports arm of Danish oil and shipping group A.P. Moller-Maersk, said it would develop a container terminal in Mexico in a project with a total investment cost of over $900 million.
The company said in a statement it had signed a 32-year concession contract with the Port of Lazaro […]
The ports of Tacoma and Seattle and several others are lobbying for Congress to rewrite the Harbor Maintenance Tax so that containers landed in Mexico and Canada will have to pay the same tax when they are imported into the U.S. […]
Hong-Kong based port operator Hutchinson Port Holdings (HPH) has denied reports that Mexico’s transport and communications ministry (SCT) has awarded a concession for a second container terminal at Lázaro Cárdenas port.
Reports July 11 that a concession was awarded to SSA Marine are “completely erroneous,” HPH spokesperson Eduardo Rodríguez told BNamericas. SCT is due to […]
In March, HPH admitted to being nervous about its investment at Lazaro Cardenas when it learned there was a second terminal tender in the works.
A tender to build a second container terminal at Mexico’s Lázaro Cárdenas port on the Pacific coast will likely be cancelled, BNamericas has learned.
The Mexican federal court ruled […]