Initial Perspectives for 2025: What to Expect from the Global Freight Market As we approach the end of 2024, projections for the upcoming year indicate a shift in the dynamics of freight demand. This year has been notable for its accelerated pace, primarily influenced by the Red Sea Crisis. This [...]
Hurricane Milton: Damage in Puerto Progreso and Emergency Measures The passage of Hurricane Milton has had a significant impact on the Puerto Progreso region. In a preliminary damage report, flooding has been recorded in areas near the wetlands, and damage has occurred at three docks: Puerto Chelem, Puerto Chuburná, and [...]
Investments in the Port of Lázaro Cárdenas: 12 Billion Pesos for the Future The National Port System Administration (Asipona) of Lázaro Cárdenas has unveiled a significant investment initiative amounting to 12 billion pesos over the next five years. This strategic move is focused on enhancing the port’s infrastructure and expanding [...]
Mexico Sets a Record in U.S. Imports with a 15.7% Share Published on October 15, 2024 by Andres Martinez In 2024, Mexico achieved an unprecedented milestone in its share of imports to the United States, establishing itself as the country’s top foreign supplier. According to recent data from the Census [...]
Port of Manzanillo Collapses Due to Ship Congestion The Port of Manzanillo is currently facing a severe crisis due to a critical backlog of ships, with over 15 vessels anchored in its waters. According to the Mexican Council of Foreign Trade (Comce Occidente), this situation has led shipping companies to [...]
APM Terminals Lázaro Cárdenas Announces Expansion with Phase II Construction As part of its global strategy, APM Terminals Lázaro Cárdenas has announced the start of construction for the Phase II expansion of its port terminal. With an investment of $140 million, this project will increase the capacity of the first [...]
World Maritime Day 2024: Navigating the Future with Safety First World Maritime Day 2024 will be observed on September 26, 2024. The theme for this year is “Navigating the Future: Safety First.” This theme reflects the IMO’s efforts to enhance maritime safety and security, as well as marine environmental protection, [...]
Explosion Rocks the Port of Veracruz: Immediate Response and Recovery On the afternoon of August 30, 2024, an explosion occurred at the Port of Veracruz, igniting a container of chemical products. The explosion triggered a chain reaction, affecting several other containers with diverse cargo and leading to a temporary halt [...]
Rising Freight Rates Driven by Increased Imports from China Freight rates have exceeded $5,000 per container and are expected to rise further throughout the year. This surge is linked to a remarkable 60% monthly increase in imports from China to Mexico during the first five months of this year, which [...]
Announcing the Upcoming General Rate Increase (GRI) for Asia to Mexico Trade Routes Published on August 27, 2024 by Andres Martinez Effective from September 1, 2024, shipping lines will implement freight rate increases for trade routes from Base Ports in Asia to Manzanillo and Lázaro Cárdenas. Notably, Maersk (MSK) has [...]
