25-05-2016

Box volume at Latin American ports up 1.7pc to 48 million TEU in 2015

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PORTS in Latin America and the Caribbean handled a total of 48 million TEU in 2015, representing an increase of 1.7 per cent compared to the previous year.

The sluggishness of 2015 was attributed to a decline in activity in the five countries of Brazil, Peru, Puerto Rico, Trinidad and Tobago, and Venezuela, reported Seatrade Maritime.

"The figures confirm two trends observed in recent years in the region: a slowdown in foreign trade in container terminals and high heterogeneity of growth rates within the region," a report from the UN's Economic Commission on Latin America and the Caribbean (ECLAC) said.

In 2015, the east coast of South America saw activity decrease 1.4 per cent due to less cargo through Brazilian ports. On the west coast of South America, total port throughput rose 1.1 per cent, the ECLAC data showed. 

The limited development of this activity in Chilean ports saw 0.1 per cent growth and a 3.6 per cent decrease at Peruvian ports that counterbalanced the 6.3 per cent growth rate in Ecuador and a 6.6 per cent increase the port of Buenaventura in the Colombian Pacific.

Central America's growth rate fell marginally from 3.5 per cent in 2014 to 3.4 per cent in 2015.

Top performing port last year was Santos, Brazil with 3,645,448 TEU, followed by Colon, Panama with 3,577,427 TEU; Balboa, Panama with 3,294,113 TEU; Cartagena, Colombia with 2,606,945 TEU; Manzanillo, Mexico with 2,458,135 TEU; El Callao, Peru with 1,900,444 TEU; Guayaquil, Ecuador with 1,764,937 TEU; Kingston, Jamaica with 1,653,272 TEU; and Buenos Aires, Argentina with 1,433,053 TEU.

Source: Schednet

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