Drewry: PSA to overtake COSCO in terminal capacity by 2028
NewsDrewry’s latest report predicts PSA will surpass COSCO Shipping in terminal capacity by 2028, reshaping the top of the global container terminal rankings.
Contecon Manzanillo earmarks US$230M for expansion in 2022
Contecon Manzanillo (CMSA), the ICTSI affiliate at the Mexican port, is set to invest US$230M to expand the terminal’s facilities and improve infrastructure during 2022
The project will expand the terminal’s capacity by 300,000 TEU a year. Work will be undertaken in the second half of the year.
“The investment is intended to expand the operating capacity of the terminal from 1.4M TEU to 1.7M TEU annually,” said José Antonio Contreras, CMSA’s chief executive officer, who took the reins of CMSA in September.
Enrique K Razon Jr, ICTSI’s Chairman and President, added that the injection of private capital into Manzanillo is an essential part of the ICTSI Group’s strategy to benefit the supply chain in the region.
The additional capital will be used for the construction of berths and yards, as well as for the acquisition of quay cranes, RTGs, port tractors and other equipment. All these will complement the public project for the expansion and the adaptation of land access to the terminal, which the Federal Government announced for Manzanillo in November.
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