Look,the,Emerging,Mexico,Shipp business, insurance A Look at the Emerging Mexico Shipping Industry
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An industry worth investing in might be the commercialshipping industry, which is the major means of transporting any essential rawmaterials internationally. About 80% of all the world's cargo, including allhydrocarbons, are transported via water. The Mexican shipping industry has amajor part to play in the worldwide shipping operation. Along with the shippingindustry, transportation within the country has to be adequate to support it.The increased foreign trade is pressuring the transportation industry, givingthem a hard time of keeping up with the demands. Imports of intermodal transport equipment has seen a majorincrease over the past 3 years. The import market will continue to grow at atwo-digit percentage rate, at least for the next three to four years. Around66% of Mexico's totalimports were supplied by the United States in 2006. The future could see anincrease in that number if Americawere to take advantage of everything that NAFTA has to offer and get moreaggressive. Lazaro Cardenas is the only port in all of Mexico whichcan accept the huge container vessels containing up to 12,500 TEUs. The porthopes to capitalize on clogged US West Coast ports, acting as an alternativeroute for shipping into the central US. In order to do so, the port is workingon infrastructure plans and making agreements with various shippingcorporations and transportation companies to receive containers inbound fromAsia going to the USA.The Pacific Coastport of Manzanillois one of the busiest ports in Mexico.The port has enjoyed rapid growth over the past 5 years. Plans for expandingManzanillo have received highest priority in Mexico's Nation Program forInfrastructure, according to the President.All efforts and plans are being forged by the Mexican governmentas well as the private sector (domestic and international) to expand itsshipping industry to generate a considerable amount of revenue through importduties, taxes, and exports and serve a large portion of Mexicos GDP.The USis likely to be badly affected by all the plans and actions by the Mexicangovernment. American shipping will likely experience revenue declines while Mexicocontinues to enjoy the surge. The Mexican shipping industry has had a long and hard climb,but it's finally on par with American and Chinese shipping industries. Thismakes Mexican shipping a great area for business opportunities and investments.
Look,the,Emerging,Mexico,Shipp