Spending US$230 million to expand the terminal from 1.2 million TEU to 2 million TEU

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ICTSI has launched a US0 million expansion project at the Contecon Manzanillo Container Terminal in the Port of Manzanillo, Mexico. The expansion project plans to increase its throughput capacity from the current 1.2 million TEU to 2 million TEU. This project is expected to be completed in 2022 -Complete by 2025.

The expansion project includes the construction of more than 400 meters of shoreline, a storage yard that can store more than 800,000 TEU, 900 plugs for reefer containers, the purchase of 2 post-Panamax quay cranes and 6 tire cranes. Therefore, the terminal will have a total of 10 post-Panamax quay cranes and 13 tire cranes.

José Antonio Contreras, CEO of Contecon Manzanillo, said: “The purpose of our expansion is to provide the Port of Manzanillo and Mexico with a modern terminal with operational capabilities capable of meeting the current and future needs of our customers. The long-term investment plan is to maintain connections to Asia, which means meeting the demand for the largest ships of 400 meters in length. If we cannot meet these needs, Mexico's foreign trade will suffer. Indira Vizcaino, governor of the state where the Port of Manzanillo is located, said the state government will ensure that the expansion goal will enable the port to develop and become more efficient.

The COVID-19 epidemic in the past two years has had a devastating impact on terminal operations, including supply chains, transportation supplies and containers. Although some impacts still exist, the terminal is trying to further upgrade. For example, it will recently receive three post-Panamax quay cranes to deal with the impact of ship entry and exit and container backlog.

According to official statistics, the Port of Manzanillo is Mexico's largest container port, with a total throughput of approximately 2.89 million TEU from January to October, a year-on-year increase of 3.5%. In the first ten months of this year, the throughput of Contecon Manzanillo terminal reached 1.02 million TEU, a year-on-year increase of 0.4%. SSA also operates a container terminal at the Port of Manzanillo, with a throughput of 1.37 million TEU during the same period, a year-on-year increase of 1.9%; the TIMSA terminal throughput of Hutchison Ports was 239,493TEU, a year-on-year increase of 20.8%; the OCUPA terminal throughput was 275,398TEU , a year-on-year increase of 10.8%.