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LatinNews Regional Monitor: Mexico - 02 July 2019

In brief: Mexico

*Commercial operations have begun in Mexico's port of Veracruz’s new terminal facility with 'White Shark', a ship owned by a French shipping company, officially unloading its cargo at 8:20am on 1 July. The almost 300m long ship was the first to land in Veracruz’s new terminal, and many believe that the newly renovated terminal will become a frequent choice for European cargo ships delivering to Mexico. Manuel Óscar Enciso Villarreal, director general of customs agency Corporativo Enciso, told reporters that the new terminal will not only cut down production costs by as much as 60%-70%, but also help create up to 150,000 new jobs in the next five years.

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