b'34American Journal ofTransportation ajot.com(BOXEDcontinued fromlargest trade partner to LatinTop Latin America Countries of Origin to U.S.page 10) America,largelybecauseof markets for the end products. theUS-MexicotradeaTEUsTherelocationofmanu- two-way exchange that hit aCOUNTRY OF PLACE OF RECEIPT Jan-Dec 2022 Jan-Dec 2021 Diff %facturing away from China torecord $779.3 billion in 2022, othercountriesinEastAsia,a 17% bump over 2021. BRAZIL 446,302 462,671 -3.54South Asia and Southeast AsiaGUATEMALA 391,997 400,797 -2.20willleadtoshiftingsupplyr eversing THeT rend : i s COSTA RICA 264,949 265,990 -0.39chainsandaccordingly,ton earsHoring as oluTion ? CHILE 240,760 230,835 4.30more volume in ports in coun- Nearly all the NGOs (Non- HONDURAS 208,300 179,740 15.89tries collectively referred to asGovernmentalOrganizations)MEXICO 195,409 231,839 -15.71Altasia by The Economist aand IGOs (Inter GovernmentPERU 185,382 153,836 20.51few weeks ago. These econo- Organizations) like the WorldCOLOMBIA 171,131 167,283 2.30mies for example include SouthBank believe the LACs have aECUADOR 141,312 147,706 -4.33Korea,India,thePhilippines,chance to develop sustainableARGENTINA 65,687 70,752 -7.16Indonesia, Malaysia, Thailand,growththroughadvancingOTHERS 195,903 203,689 -3.82Bangladesh and Vietnam. aNearshoringeconomicTotal 2,507,132 2,515,138 -0.32Nearlysixtypercentofagenda.Afterall,theevi-Asiasexportsflowwithindence for the success of near-theregionandawhoppingshoring is right next door in twenty-fivepercentofcon- Mexico,whichaccountsforTop Ports for U.S. Imports From Latin America (South & Central & Mexico)tainerized cargo trades withinawhopping70%oftheUS Asia.TheIMFexpectsthetrade with the LAC.TEUslargesteconomiesinSouth- EconomistspointtothePORT OF ARRIVAL Jan-Dec 2022 Jan-Dec 2021 Diff %EastAsiatobeamongthegap in both the trade poli- PHILADELPHIA,PA 280,888 287,746 -2.38fastestgrowingeconomiescies of both China and the US and this (growing) intra-Asianas grounds for the opportunity.NEW YORK/NEWARK AREA, NEWARK, NEW JERSEY 258,384 231,702 11.52trade means more demand forThe Biden Administration (asHOUSTON,TX 236,164 221,621 6.56logistics, container ships andtheTrumpAdministrationPORT EVERGLADES,FL 232,479 244,434 -4.89container terminals.beforeit)hasmadeitclearWILMINGTON,DE 184,537 189,687 -2.71Despite some headwindsthatdecouplingfromChinaMIAMI,FL 166,756 168,112 -0.81forthecontainershippingand an America first manufac- PORT HUENEME,CA 131,389 112,329 16.97sector,weseethecontainerturing policy tops the agenda.GULFPORT,MS 90,489 83,981 7.75terminalbusinessinveryAlthough the Biden Adminis- PORT MANATEE,FL 86,716 72,768 19.17positive shape. Our industrytrationhasgivenlipserviceSAVANNAH,GA 82,167 80,070 2.62offers long-term and outsizedtoexpandingcollaborationOTHERS 757,161 822,688 -7.96returns to companies willingwith trading groups and orga-toseizetheopportunityinnizations,withoutfreetradeTotal 2,507,132 2,515,138 -0.32containerterminals,particu- agreements (FTAs), structur-larly if this is conducted on aally there is little on the table portfolio basis.actually being offered. Simi- Top Carriers for U.S. Imports From Latin America (South & Central & Mexico)larly,Chinaitselfistrying tode-couplefromtheUSTEUs(PLANScontinued frombyinvestinginmovingitsVOCC Jan-Dec 2022 Jan-Dec 2021 Diff %page 24) lowertiermanufacturingtoMSC-MEDITERRANEAN SHIPPING COMPANY S A - MEDU (MSCU) 446,569 454,485 -1.74Craig Bell Estabrooks, Presi- othernationslikeVietnamSEABOARD MARINE LTD (SMLU) 296,113 277,123 6.85dent and CEO of Port SaintandIndonesiaasanexten- SEALAND (SEAU) 254,688 234,997 8.38John.Soonwewillhavesion of the BRI. Despite the more than double the capacityrift between Washington andHAMBURG SUED (SUDU) 249,792 315,577 -20.85to move product and to createBeijing, in 2022 the two-wayHAPAG LLOYD A G (HLCU) 210,507 258,423 -18.54jobs.PartnerslikeDPWorldtradetoppedarecord$690GREAT WHITE FLEET CORP (GWFC) 178,982 171,809 4.17open doors for us and our localmillion.NETWORK SHIPPING LTD (BERMUDA CORPORATION) (NQSH) 165,398 139,761 18.34economy to pursue new oppor- AndthequestionforCROWLEY LATIN AMERICA SERVICES LLC (CLAM) 113,586 116,866 -2.81tunities for our industrial parks,LACis,inthisneweraofCMA-CGM (CMDU) 68,840 48,348 42.39our supply chain, and manufac- Globalization 2.0 (as opposedWORLD DIRECT SHIPPING LLC (WDSB) 50,160 42,981 16.70turing capacity. to the much discussed de-glo- OTHERS 472,496 454,769 3.90In a related recent devel- balization) is there a role toTotal 2,507,132 2,515,138 -0.32opment,Canadasfederalbe played as a neutral manu-governmentallocatedC$10facturingmiddlemanwhen millioninfundingfortwothe top two economies wantTop 10 VOCC for Latin America Countries Imports to U.S.projectsundertheNationalto decouple their commercial Trade Corridors Fund. Up torelationship?$7.3millionwillbefortheWilliamMaloney,chiefRank VOCC 2022 2021 Variation Variation %remainingphasesofreha- economistforLatinAmer- 1 MSC-MEDITERRANEAN SHIPPING COMPANY S A - MEDU (MSCU) 5,024,172 4,980,262 43,910 0.88bilitating the Saint John Har- ica and the Caribbean at the2 CMA-CGM (CMDU) 3,540,447 3,652,893 -112,445 -3.08bourBridge.TheremainderWorld Bank, said of the near- 3 MAERSK LINE (MAEU) 2,938,157 2,779,210 158,948 5.72goestoprovidingadditionalshoringoption,TheLAC4 OCEAN NETWORK EXPRESS PTE LTD (ONEY) 2,292,961 2,627,049 -334,088 -12.725 EVERGREEN LINE (EGLV) 2,149,247 2,160,371 -11,124 -0.51space for the Canada Borderregionremainsoneofthe6 HAPAG LLOYD A G (HLCU) 1,967,870 2,050,134 -82,264 -4.01Services Agency to carry outleastintegrated,whiletrade7 COSCO SHIPPING LINES CO LTD (COSU) 1,864,696 2,033,750 -169,055 -8.31inspection activities for cargoopennessandFDIflows8 ORIENT OVERSEAS CONTAINER LINE LTD (OOLU) 1,310,089 1,464,335 -154,245 -10.53arriving at Port Saint John. have mostly been stagnant or9 ZIM INTEGRATED SHIPPING SERVICES LTD (ZIMU) 961,150 1,121,624 -160,473 -14.31decreasingoverthepast2010 HYUNDAI MERCHANT MARINE (HDMU) 856,396 965,600 -109,204 -11.31years;countriesshouldfindOTHERS 5,036,242 5,094,890 -58,649 -1.15(PAINcontinued fromwaystogainattractivenessTotal 27,941,427 28,930,117 -988,691 -3.42page 32) andtakeadvantageofthe 117loansintheLACesti- nearshoring trends. mated at $138 billion. A largeTheIDBbelievesnear- Andthereareotheropenedthedoorforseveralgas, among others.portionofChinasinvest- shoring could annually boosttrade opportunities for LatinLatamcountriestostepinWill nearshoring and trade mentisenergyandminingLACsexportsby$78bil- American countries. In Janu- and supply select commodi- replacement guarantee sustain-[As of 2021, energy accountslion. The IDB forecasts a vastary Deloitte, an internationalties to international markets.able GDP growth in the future. for almost $94 billion nearlymajorityofthisnearshor- consultingfirm,publishedaForexample,inthefossilProbably not as there are many 34%, infrastructure accountedingtotalwouldgotowell- Deloitte Insight on LACsfuels market, Russia has beenother social and economic prob-for$26billionaround42%,establishedLACexporterseconomicoutlookinwhichthemainsupplierofpetro- lems to address, such as equi-andminingaccounted$2.1likeMexicoat$35billiontheypointedoutRussiasleumoilandnaturalgastotabletaxation.Buteconomic billion almost 3%] with termsand Brazil at 7.8 billion. ButexportsneedreplacingintheEuropeanUnion.Thediversificationwillhelpthe grantingChinafavorableopening the door could reviveglobal markets and the LAClatter is now preparing to stopLAC weather the commodity access to the LAC recipientsopportunities for other LACsisaplacetolook:TheimportingRussiangasfrompriceswings,attractcapital resources. to be a nearshoring +1 in thewaveofsanctionsonRus- 2027on.Thisdevelopmentandinvestmentwhichwill Nonetheless,itsworthglobal supply chain diversifi- sias products in the wake ofwould open up opportunities,helpunderpintheprospects noting that the US is still thecation equation. itsinvasionofUkrainehasfor example, for Argentinianfor sustained growth.'