During last few years Mexican authorities have been working on the major port modernization program for Mexican ports to meet the increased demand for logistics and supply services. They are investing about 48 billion pesos ($3.2 billion) in the projects that focus on preparing the ports for the increased E&P activity offshore Mexico.
Last year we could observe a major increase if it comes to the cargo volumes handled by the Mexican ports. According to The Secretariat of Communications and Transportation of Mexico (SCT) volumes increased by 12.2% passing the mark of 6m teu for the first time in its history.
There are four strategic locations that handle most of Mexico’s traffic: two ports in the Pacific coast, Manzanillo and Lázaro Cárdenas, and two ports in the Atlantic coast, Altamira and Veracruz.
The goal of the SCT is for these ports to become International Class Ports thanks to the major development and modernization that will increase the storage capacity and allow the access for bigger vessels.