Large container lines are launching direct services from China to Mexico, which indicates an increase in trade volumes between these countries, The Loadstar reports.
"Mexico's sudden popularity among Chinese exporters may be the result of huge direct investments by Chinese companies, including in manufacturing in this country," the newspaper writes.
"The second alleged factor is that the ports of Mexico's Pacific coast represent an alternative gateway to the U.S. market in order to avoid U.S. duties on Chinese goods and products," The Loadstar adds.
An analysis of trade between China and Mexico conducted by Loadstar Premium showed that the cargo turnover of the three main ports of Mexico, Manzanillo, Lazaro Cardenas and Ensenada, increased by about 12% year-on-year. According to the eeSea, against the background of growing imports, these ports are already operating at the limit of their design capacity.
Amid the growth of trade between these countries, CMA CGM will launch a weekly Mexico Express (M2X) service on May 11, which will involve eight container ships. "This initiative meets the dynamics of the market in the region," the carrier commented.
According to The Loadstar, on May 15, OOCL and COSCO also plan to launch a joint China–Mexico service. On the same day, MSC will present its own service connecting these countries.
