2015 was a tough year for the intra-Americas markets because of the impact of lower oil revenue, a strong currency devaluation and reduced demand for commodities in China. This hindered the purchasing power of economies such as Mexico, Brazil, Argentina and Colombia. It is great that in spite of the negative conditions, SeaLand has been able to establish its footprint in the region.
2016 will be a year of plenty of opportunities for our trades, with the most important one being the opening of the Panama Canal expansion. Its effect on the deployment of mother and feeder vessels throughout the Americas will impact the way goods move through the region, with near-sourcing and more reliable intra-networks making companies revisit their supply chain plans for the future.
While SeaLand expects the current difficult market conditions impacting the Americas trades to continue this year, we are confident the strong U.S. economy will drive trade growth in the region, and economies such Mexico and Colombia are set to rebound on their export volumes.
Craig Mygatt, CEO, SeaLand