Project Insight – Port Construction Projects: The Americas

Research By Markets adds Market Research Report - Project Insight – Port Construction Projects: The Americas

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Keywords:
Port, Ports, The Americas, North America, South America, Central America, The US, Brazil, Peru, Mexico, Canada, Chile, Panama, Colombia, Honduras, Ecuador

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.
Latin America has less trade through its ports, and is led by Colon on the Panama Canal with a volume of 3.89 million TEU 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.

Construction Intelligence Center (CIC) is currently tracking port related construction projects in the Americas with a total value of US$ 91.7 billion. Of this, US$39.0 billion is in the planning stage and US$25.9 billion is in the execution stage. The US accounts for the highest value with US$26.7 billion, followed by Brazil with projects valuing US$23.9 billion. Peru and Mexico follow with port construction projects with a value of US$8.1 billion and US$6.6 billion respectively. The highest value industrial 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.

key Highlights

– The total pipeline of projects is valued at US$91.7 billion with US$10.2 billion being spent in 2019 and US$20.7 billion in 2020.
– The highest value of projects are at the planning stage with a total value of US$39.0 billion, followed by projects in execution with US$25.9 billion.
– Projects in the pre-planning stage amount to US$12.8 billion, while those at the pre-execution stage total US$9.9 billion.
– Assuming all projects in the current pipeline 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.
– The top contractors in the region are Tradeco Infraestructura Sucursal, based in Colombia, and Yikanomi General Contractors SAC, based in Peru. The top consulting engineers are Bechtel Corporation and Evans-Graves Engineers Inc., both based in the US.

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.

Companies Mentioned:


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