Is Mexico & Brazil the next frontier for port deals & investments?
Is Mexico & Brazil the next frontier for port deals & investments?
Big port increases for Brazil and Mexico
The Brazilian port of Paranaguá and the Mexican port of Veracruz have shown big increases in the handling of vehicles in the first quarter of 2012. Paranaguá has recorded vehicle imports up 77% on the same period last year and exports up 25%. Meanwhile, in neighbouring Mexico, Veracruz has topped port activity for vehicle handling in the same quarter, recording an increase of 28%. In addition, the port of Lazaro Cárdenas acheived an impressive increase, with the number of finished vehicles handled up more than 34% to almost 46,000. Despite the current economic spat between Mexico and Brazil, the latter still imported nearly 50,500 vehicles from Mexico in the Q1, up 153%.
Is Mexico & Brazil the next frontier for port deals & investments?