Vision For The New Container Port Markets of the Americas By 2020

Mumbai 22 June, 2007 : Containers can carrycentrally located within the Caribbean, Caucedo is
anything, but they are particularly well suited forhoping to quickly develop into a strategic shipping hub
transporting perishable and manufactured goods.for markets in the locality, as well as central and
Economic trends such as the globalization of theSouth America.
supply chain and trade liberalization have greatlyThe lower costs of containerized trade have
stimulated the demand for containerized transport.stimulated global trade, and the use of containers has
Bharat Book Bureau, a leading market informationbeen credited for double-digit growth in trade with
research aggregator, put forth a publication Containeremerging economies. The marine industry has been
Port Markets in the Americas to 2020 " "whichpredicting that as North America's West Coast ports
highlights the expected economic expansion ofcontinue to become clogged with increasing cargo
regional hinterlands and anticipated market shares ofvolumes from China and the Indian subcontinent, East
each port range, including the Mexican Pacific. It alsoCoast ports will become more attractive as
puts forth its visualizations of the North Americangateways for imports to North American markets.
Container demand through 2020. The study analysesThe major routing for this cargo is expected to be
both import/export and transshipment markets. Thethrough the Suez Canal, making Atlantic Canada the
possibility of an "increased-risk" scenario if taken intoclosest North American point of entry.
the account the US trade Deficit factor, and thus theThe regions studied under this report include North
measures to minimize the extent of shock to theAmerica : Pacific, Atlantic, US Gulf Coast, South
trade have also been discussed.America : US Pacific, US Atlantic, Caribbean America,
John Vickerman, an American marine and portCaribbean Basin, Island. This port region is defined to
consultant, is of the view that container cargo willinclude Brazil, Argentina and Uruguay in the Atlantic
exceed capacity at North American ports by 2013seaboard and Chile, Peru, Ecuador and Pacific
and will continue to grow for several years. A plan toColombia in the Pacific seaboard, Peru being the first
build a US$300-million container terminal at the Straitcountry in the region to invite private participation in
of Canso will be unveiled today in Guysborough.this sector.
Melford International Terminal Inc. is being developedWith regards to the supply, a detailed study of the
on marine industry forecasts that the East Coast willcurrent investment projects and plans has been
be inundated with container cargo from the Indianpresented, the result has thus been quantified to
subcontinent and China by 2012.The project is being2015. Enough data has been presented to compare
privately funded which makes it of strategicthe demand and supply in order to foresee the
importance. This is seconded by the fact that largepotential surplus capacity or shortfalls. Container
number of large container vessels being built and byhandling prices can be determined by the level of
2012 a new Melford terminal will attract businesscapacity utilization. Container port productivity is
because it will be competitive with other terminals.analysed by country or port range, in terms of TEUs
Caucedo Terminal is likely to become the primaryper metre of container quays, and TEUs per
facility for container shipping to and from thequayside container gantry crane.
Dominican Republic, meeting the growing needs ofOn the overall, the future looks strong with long
the local garment, tourism, agriculture and industrialterm demand with increasing trans shipment and
products container markets. As the country isregional economic expansion.