"Mexico Shipping Report Q3 2013" Published

From: Fast Market Research, Inc.
Published: Wed Jul 24 2013

BMI remains optimistic toward Mexico's long-term growth outlook, forecasting real GDP growth to average 4.0% between 2013 and 2022 on the back of Mexico's booming manufacturing sector, increasingly strong private consumer and favourable demographics, all of which bode well for the country's shipping and port sectors.

We have modestly revising up our 2013 real GDP growth forecast, from 3.4% to 3.6% to take into account potential for a stronger export and investment picture, in light of our recent upward adjustment to US growth. That said, this still represents a noticeable slowdown from our estimated 4.0% growth in 2012.

Full Report Details at
- http://www.fastmr.com/prod/640286_mexico_shipping_report_q3_2013.aspx?afid=302

Headline Industry Data

* Port of Manzanillo total tonnage growth in 2013 is estimated to hit 7.2%, to reach 29mn tonnes.
* Port of Veracruz total tonnage growth in 2013 is estimated to hit 1.1%, to reach 21mn tonnes.
* Mexico trade real growth forecast at 5.6% in 2013.

Key Trends And Developments

Northern States Continue To Invest In Transport Network

Upside risk is presented to our growth forecasts for two Mexican ports, Altamira and Tampico, as the state government for Tamaulipas has announced a massive forthcoming investment in the facilities. The investment will not only focus on the ports themselves but also their connecting infrastructure.

MOL Plans To Introduce New Asia-Mexico Express Service

Japan-based shipping company Mitsui OSK Lines (MOL) is scheduled to expand its operations with the launch of a new Asia-Mexico Express Service, leaving Ningbo on June 24. The weekly service will be operated by Hapag-Lloyd and will employ seven vessels.

Government To Invest US$783.1mn In Maritime Sector

The administration of Mexican president Enrique Pena Nieto intends to make an investment of US $783.1mn in the country's maritime sector in a bid to develop and construct new infrastructure at six ports.

Risks To Outlook

The Mexican economy remains highly dependent on that of the US. Downside risk to throughput at Mexican ports is presented in the form of sluggish US consumer sentiment. With 80% of exports still destined for the US market, growth is clearly dependent on the US economy not falling back into recession.

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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