| | |  Business News | September 2008 
Mexican Port to Get $105M Makeover
 Cargonews Asia
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| | Manzanillo is Mexico's leading Pacific port, with shipping lines serving the Pacific Rim, and, via the Panama Canal, the eastern seaboard of the Americas. Its navigation canal is 46 feet deep, so that it can host most kinds of ships. The port covers 1,100 acres. | | |
SSA Mexico, the local branch of US-based container ports company Stevedoring Services of America, will spend over US$105 million to expand the operational capacity of Colima state's Manzanillo port, Business News Americas reported.
The investments are expected to reduce the cost of logistics in the country and move Manzanillo ahead of container specialised terminals on the US West Coast in terms of operational efficiency by increasing hourly capacity to 38 containers per crane.
This figure is 10 containers more than the average at US facilities.
The investment plan is divided in two phases. The first has already started and calls for a $70 million investment through the end of the third quarter.
Meanwhile, the second phase will see $35 million invested until the first quarter of 2009, in order to increase manoeuvring room and expand the port to 26 hectares. |
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