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Project Insight - Port Construction Projects: The Americas

Project Insight - Port Construction Projects: The Americas

  • May 2019
  • 28 pages
  • ID: 5779510
  • Format: PDF
  • By GlobalData

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Project Insight - Port Construction Projects: The Americas

Summary
The US is the leading economy and trading power in the Americas, and consequently has the largest volume of trade through its ports in the region. The busiest container port, Los Angeles (LA), with 9.34 million twenty foot equivalent units (TEU) in 2017, is only 17th globally, as Asia-Pacific ports dominate the global stage. Long Beach (California) and New York/New Jersey, in second and third place, handle trade through their ports of 7.54 million TEU and 6.70 million TEU respectively.

According to the American Association of Port Authorities (AAPA), the customs district of New Orleans, LA was the busiest port in the US, in terms of total tonnage, with 268.4 million metric tons (MMT) in 2017, closely followed by the customs district of Houston-Galveston, TX, with 265.9 MMT. The volume of waterborne trade monitored for the 35 customs districts in the US increased substantially in volume terms from 1.28 billion metric tons (MT) in 2016 to 1.38 billion metric tons (MT) in 2017 - a rise of 7.8%. In terms of value, US waterborne trade increased from US$1.47 trillion in 2015 to US$1.60 trillion in 2017.

Latin America has less trade through its ports, and is led by Colon on the Panama Canal with a volume of 3.89 million TEI in 2017. Santos in Brazil, the leader in 2016, is now second, handling 3.58 million TEU in 2017. Balbao in Panama is in third place for trade handled, with 2.89 million TEU. The 120 ports in the region saw activity rose by 6.1% in 2017 compared with the previous year, with volume trade in 2017 amounting to 50.6 million TEU.

The report “Project Insight - Port Construction Projects: The Americas” provides analysis based on projects showing total project values for the Americas and analysis by stage and funding for the top ten countries.The top 50 projects are listed for the region giving country, stage, value of port construction.

Ranked listings of the key operators for the sector are also provided showing the leading contractors, consulting engineers and project owners. Country profiles are provided for the top 10 countries including the US, Brazil and Peru.

Key findings:

- Assuming all projects proceed as planned, spending will reach US$20.7 billion in 2020 and fall to US$3.4 billion in 2023
- The highest value of project completions will be in 2021, with a value of US$23.7 billion
- Joint public and private funding accounts for 35% of the project pipeline by value, with public funding accounting for 33% of the total value and private funding accounting for 32%
- The US leads the Americas for the value of projects, with US$26.7 billion, followed by Brazil with US$23.9 billion and Peru with US$8.1 billion. Ecuador has projects with a value of US$1.4 billion, placing it tenth place by value of projects
- The highest-value port projects in the region are the US$10.0 billion Louisiana International Gulf Transfer Terminal in the US and the US$4.8 billion Veracruz Port Northern Zone Expansion in Mexico. The Louisiana project involves the construction of a deep-water transfer terminal on 911ha of land in Louisiana, and includes the construction of port facilities, container berths, quay walls, container space, warehouses, administrative space and related port infrastructure

The report “Project Insight - Port Construction Projects: The Americas” enables the user to:

- Gain insight into the development of the port construction sector
- Assess all major projects by value, start date, scope and stage of development for the region and top 10 countries to support business development activities
- Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets

Scope
- The report provides analysis based on CIC projects showing total project values for the Americas and analysis by stage and funding for the top ten countries.
- The top 50 projects are listed for the region giving country, stage, value of port construction. Ranked listings of the key operators for the sector are also provided showing the leading contractors, consulting engineers and project owners.
- Country profiles are provided for the top 10 countries including the US, Brazil and Peru.

Reasons to buy
- Gain insight into the development of the port construction sector.
- Assess all major projects by value, start date, scope and stage of development for the region and top 10 countries to support business development activities.
- Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.

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