Mexico Re-elected to the International Maritime Organization Council: Mexico has been re-elected to the International Maritime Organization (IMO) Council as a member of the “C" category for the term 2024-2025.

Mexican Ports Set a New Record in Q1 of 2024: In the first quarter of 2024, Mexican ports achieved a record-breaking throughput of 2.95 million TEUs, marking an 18.2% increase year-on-year. Notably, nine ports on Mexico’s Pacific coast accounted for the majority of this volume, totaling 2.14 million TEUs, with a 19% increase.

Mexico Announces $1.6B Investment to Modernize Six Major Maritime Ports: The Mexican federal government has announced an investment of nearly 33 billion pesos (approximately $1.6 billion USD) for the modernization and expansion of six ports, four of which are located on Mexico’s Pacific coast and two on the Gulf coast.

Tanker Loaded with 400,000 Barrels of Oil Rushes from Mexico to Cuba Amid Power Crisis: In response to a severe energy shortage in Cuba, a tanker carrying approximately 400,000 barrels of oil departed from Mexico’s Pajaritos port on October 28, 2024, heading to Cuba.

Mexico to Enhance Transport Infrastructure in Manzanillo: Mexico plans to undertake two major projects in Manzanillo to bolster the country’s transportation and logistics capabilities. The expansion of the port will be funded by public investment of 15.06 billion pesos (approximately $741 million USD) and private funding of 48.56 billion pesos (approximately $2.4 billion USD).

Ocean Carriers Adjust Routes as Port Congestion Hits Mexico and Central America: Due to congestion issues at ports in Mexico and Central America, ocean carriers are adjusting their services and establishing contingency plans to maintain schedule integrity.