APM Terminals (APMT) Yucatan has announced a significant investment to expand and modernise the Progreso container terminal, featuring a 20% increase in yard capacity.
It is hoped that the US$714,000 investment will help to support trade growth and economic development in the Yucatan peninsula.
The expansion will also see the acquisition of two new reachstackers and software optimisation with the launch of a digital client portal to streamline transactional efficiency.
Volumes have risen from 80,000 teu to 140,000 teu over the last two years and the operator expects throughput to rise by 20-35% this year.
Martijn Koolen, managing director of APMT Yucatan, said: ““We are committed to the long-term sustainable development of the region and are delighted to announce that we have signed an addendum with the port authority to commence a 20% expansion of the yard to support the region’s growing trade needs, as well as other investments to improve productivity and efficiency.
“This represents a significant additional investment on top of the US$22.6M that has already been invested in the terminal since the concession began in 2005.”
The terminal handles five vessels a week, including direct connections with the US and Europe.
Koolen added: “Our vision is to provide customers with a fully-fledged logistics zone to help importers/customer manage their end-to-end supply chains.”