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Central America - Laredo. Agenda. Briefing on APM Group and Maersk Line Macroeconomic trends Lazaro Cardenas port / bridge between Central America and the US West Coast Central America (WCCA Service). Part of A.P. Moller – Maersk Group Founded in 1904 Headquartered in Copenhagen, Denmark
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Agenda • Briefing on APM Group and Maersk Line • Macroeconomic trends • Lazaro Cardenas port / bridge between Central America and the US • West Coast Central America (WCCA Service) Department
Part of A.P. Moller – Maersk Group Founded in 1904 Headquartered in Copenhagen, Denmark 30,000 employees 670 offices in 125 countries around the globe Largest container vessel fleet with more than 540 ships 1.9 million containers in operation If placed one after another, they would reach about 19,000 km: the distance from Cape Town to Paris – and back 16% global market share Maersk Line: who we are Department
Industry Mitigating Actions • Lines are bleeding – rates are being pushed up – that will continue in 2010 • Lines are closing loops and idling capacity to avoid overcapacity – that will continue, because of: • High oil prices… again • Capacity not carrier owned - redeliveries!!!! • Slow steaming – industry wide slow steaming accelerating – again due to high oil prices Department
Second largest port in the country in container moves Displaced Veracruz in 2009 Fastest – growing container port in Mexico Tender for third container terminal to take place in 2010 Main entrance gateway in the Pacific for Mexican and American markets A solution to the congestion in the Pacific ports Handled 421,209 TEUS in 2009 Despite a decrease of 12.6% in containerized cargo moves in MX in 2009, Lazaro Cardenas increased its import and export operations by 6.8% and 38.9% Lazaro Cardenas port a bridge between Central America and the US Department
Lazaro Cardenas Advantages to U.S. Customers • Distances to major U.S. inland destinations favorable, competitive • In-Bond transport via rail to Laredo, TX • Multiple trucking crossing points • Port accessible by largest ships afloat • Cost of doing business is competitive • Capacity to serve growing export market Tailored to Kansas City and Midwest/Southwest industries • Infrastructure and systems in place Capable of larger scale operations Department
WCCA Service • Weekly service • Competitive transit times • Early week arrival at Lazaro Cardenas (Tuesday) • Daily rail departures • Only port in the Pacific capable to connect with the multimodal corridor • Port calls at every main port in the Pacific Direct connection between Central America and Mexico • Schedule reliability indicator • Doubled capacity from 500 TEU’s to 1,000 TEU’s in 2009 We are investing in the potential of the West Coast corridor Department
THANKS FOR YOUR ATTENTION!!! Thanks to the University, Government and Chambers of Laredo involved! Department