| Mumbai 22 June, 2007 : Containers can carry | | | | markets. As the country is centrally located |
| anything, but they are particularly well | | | | within the Caribbean, Caucedo is hoping to |
| suited for transporting perishable and | | | | quickly develop into a strategic shipping hub |
| manufactured goods. Economic trends such as | | | | for markets in the locality, as well as |
| the globalization of the supply chain and | | | | central and South America. |
| trade liberalization have greatly stimulated | | | | |
| the demand for containerized transport. | | | | The lower costs of containerized trade have |
| | | | stimulated global trade, and the use of |
| Bharat Book Bureau, a leading market | | | | containers has been credited for double-digit |
| information research aggregator, put forth a | | | | growth in trade with emerging economies. The |
| publication Container Port Markets in the | | | | marine industry has been predicting that as |
| Americas to 2020 " "which highlights the | | | | North America's West Coast ports continue to |
| expected economic expansion of regional | | | | become clogged with increasing cargo volumes |
| hinterlands and anticipated market shares of | | | | from China and the Indian subcontinent, East |
| each port range, including the Mexican | | | | Coast ports will become more attractive as |
| Pacific. It also puts forth its | | | | gateways for imports to North American |
| visualizations of the North American | | | | markets. The major routing for this cargo is |
| Container demand through 2020. The study | | | | expected to be through the Suez Canal, making |
| analyses both import/export and transshipment | | | | Atlantic Canada the closest North American |
| markets. The possibility of an | | | | point of entry. |
| "increased-risk" scenario if taken into the | | | | |
| account the US trade Deficit factor, and thus | | | | The regions studied under this report include |
| the measures to minimize the extent of shock | | | | North America : Pacific, Atlantic, US Gulf |
| to the trade have also been discussed. | | | | Coast, South America : US Pacific, US |
| | | | Atlantic, Caribbean America, Caribbean |
| John Vickerman, an American marine and port | | | | Basin, Island. This port region is defined to |
| consultant, is of the view that container | | | | include Brazil, Argentina and Uruguay in the |
| cargo will exceed capacity at North American | | | | Atlantic seaboard and Chile, Peru, Ecuador |
| ports by 2013 and will continue to grow for | | | | and Pacific Colombia in the Pacific seaboard, |
| several years. A plan to build a | | | | Peru being the first country in the region to |
| US$300-million container terminal at the | | | | invite private participation in this sector. |
| Strait of Canso will be unveiled today in | | | | |
| Guysborough. Melford International Terminal | | | | With regards to the supply, a detailed study |
| Inc. is being developed on marine industry | | | | of the current investment projects and plans |
| forecasts that the East Coast will be | | | | has been presented, the result has thus been |
| inundated with container cargo from the | | | | quantified to 2015. Enough data has been |
| Indian subcontinent and China by 2012.The | | | | presented to compare the demand and supply in |
| project is being privately funded which makes | | | | order to foresee the potential surplus |
| it of strategic importance. This is seconded | | | | capacity or shortfalls. Container handling |
| by the fact that large number of large | | | | prices can be determined by the level of |
| container vessels being built and by 2012 a | | | | capacity utilization. Container port |
| new Melford terminal will attract business | | | | productivity is analysed by country or port |
| because it will be competitive with other | | | | range, in terms of TEUs per metre of |
| terminals. | | | | container quays, and TEUs per quayside |
| | | | container gantry crane. |
| Caucedo Terminal is likely to become the | | | | |
| primary facility for container shipping to | | | | On the overall, the future looks strong with |
| and from the Dominican Republic, meeting the | | | | long term demand with increasing trans |
| growing needs of the local garment, tourism, | | | | shipment and regional economic expansion. |
| agriculture and industrial products container | | | | |