Marine Sector

An Expert's View about Sea, Coastal and Inland Water Transport in Mexico

Posted on: 2 Dec 2012

At present, Mexico has 16 main ports some used exclusively for commercial purposes, yet all of these are part of a broad initiative that plans to invest from 2010 to 2012

Marine Sector In Mexico Mexico’s solid marine infrastructure is ranked among the top 10 countries worldwide. In terms of ports, with its 5,797 miles of coastline, it offers diverse opportunities in the commercial and leisure sectors. Market overview At present, Mexico has 16 main ports some used exclusively for commercial purposes, yet all of these are part of a broad initiative that plans to invest from 2010 to 2012 more than US$700 million in infrastructure and technology to fully explode the connection between Mexico and the sea. According to the Federal expenditure budget for 2012, the marine sector has a programmed expenditure of US$1.5 billion. The commercial sector distinguishes itself by Mexico’s merchant marine which is among the top 50 in the world, while there is also public involvement since 2006 with the beginning of the construction of 10 boats in shipyards, property of the Mexican navy. These ships have been constructed in 10 different shipyards, 6 located in the Gulf of Mexico and 4 on the Pacific, and have the primary objective of updating the Mexican navy, since 80% of their ships are more than 25 years old. Security developments in Mexico have turned the naval sector into one of the essential components of its fight against the security problems that plague the country, and this in turn has increased spending in naval infrastructure, which can be an opportunity for British investors. The Mexican Navy currently includes 589 ships in operations which include destroyers, ocean and coast patrols, amphibian assault ships, interceptors, transports and research vessels. Most of these vessels have been acquired from the United States Armed Forces and saw combat in WWII in the Pacific theater, therefore the need exists to update and change most of the holdings of the Mexican Navy. Meanwhile in the leisure area according to national data, the market of products and equipment for yachts and commercial fishing industry boats in Mexico is estimated to be of at least US$2.3 billion with a 2.3% annual growth rate in the 2004-2010 period, therefore this is an area in which British companies can find opportunities to offer products that interest the affluent market of the owners of these vessels, that would not only be willing to invest in equipment, but also in crew training, safety and insurance systems to protect their property. According to the Boston Consulting Group (BCG), the luxury market in Mexico and Latin America has grown 15% annually. Their statistics show that 5.2% of the population in Mexico can afford luxury goods, which represents 55% of sales in Latin America in 2011.. Key opportunities Currently the clearest opportunities in the commercial and leisure marine sector are: ξ Parts, supplies, materials and services related to maintenance and repair of pleasure boats and yachts. ξ Parts, supplies, materials and services related to the construction of boats by the Mexican Navy. ξ Development of marinas. ξ New technologies for port facilities. ξ Crew training and licensing. ξ Navigation and waterway management. ξ Safety, rescue systems and insurance. ξ Maintenance and repair facilities Latest export opportunities in Marine Latest export opportunities - Mexico Getting into the market ξ Secretary of Navy or SEMAR is mainly in charge of managing and organising the Mexican Navy and Marine Forces. ξ The Mexican Chamber of Maritime Transport or CAMEINTRAM is an institution of public interest which brings together Mexican shipping companies, port terminals, port service providers and related services, becoming the most representative entity within marine sector More about doing business in Mexico Contacts Market intelligence is critical when doing business overseas, and UKTI can provide bespoke market research and support during overseas visits though our chargeable Overseas Market Introduction Service (OMIS). To commission research or for general advice about the market, get in touch with our specialists in country - or contact your local international trade team. ξ Luis Calette, Trade & Investment Officer. Tel: +52 (664) 615 8046 or email: luis.calette@ukconsulate.org ξ Ana Gallardo, Trade & Investment Officer. Tel: +52 (664) 615 8046 or email: agallardo@ukconsulate.org Contact your local international trade team Events UKTI runs a range of events for exporters, including seminars in the UK, trade missions to overseas markets and support for attendance at overseas trade shows. Expo Carga 2013 11-13 June, 2013 http://www.expo-carga.com/front_content.php?idcat=1051 Cabo Marine Show July 2013 http://cabomarineshow.com/ Latest events Mexico Latest events – Marine Useful links More about OMIS and other UKTI services for exporters
Posted: 02 December 2012

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