Three of the world’s largest ship-to-shore cranes have arrived onboard the heavy lift ship ZHEN HUA 26 at APM Terminals Lázaro Cárdenas (TEC2) located along the Pacific coast in Mexico.
The 1.2 million annual TEU capacity, semi-automated deep-water facility is now in the final stages of construction and will be Mexico’s second-largest container port when it begins operations in 2016.
APM Terminals signed a 32-year concession for the design, construction and operation of the Lazaro Cardenas TEC2 facility, representing an overall investment of US $900 million. Phase I will include a total of seven super-post-Panamax STS cranes with a 24-container row reach, along with 750 meters of quay, able to accommodate the largest container vessels, a fully-automated gate as well as an on-dock intermodal rail facility, the largest of its kind in any Latin American port.
“Lázaro Cárdenas TEC2 will be the most technologically advanced container terminal in Latin America, and we are very proud to be a part of Mexico’s ongoing growth as a major world trading partner and global logistics hub” said APM Terminals Mexico’s Managing Director J.D. Nielsen.
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U.S. strikes on several Iranian nuclear sites represent a meaningful escalation of the Middle East conflict that could lead Tehran to disrupt vital exports of oil and gas from the region, sparking a surge in energy prices. But history tells us that any disruption would likely be short-lived.
Sellers of Iranian oil to China are offering deeper discounts this month as they look to reduce inventories and as independent refiners slow their buying due to a jump in crude prices, traders and analysts said.
The firm building what will become the largest port in India plans to raise as much as 300 billion rupees ($3.5 billion) of debt, giving lenders an opportunity to invest in one of the cornerstones of Prime Minister Narendra Modi’s infrastructure overhaul.
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