AmericasPorts and Logistics

Mexico’s president seeks to take back control of Veracruz port

Mexico’s president yesterday sought to revoke a “100-year” concession for the port of Veracruz in the Gulf of Mexico.

During a daily press briefing president Andres Manuel Lopez Obrador questioned how it was possible that a company had secured such a long hold on the rights for the key gateway port.

“Obviously, we need to see about getting this concession revoked,” he said.

A document later posted on Twitter by Lopez Obrador showed the concession was held by API Veracruz, the state-run port administrator created in 1993 by former president Carlos Salinas.

Hutchison Ports ICAVE, part of Hong Kong-based CK Hutchison Holdings, handles container operations at the port.

Hutchison Ports has a strong Mexican foothold in its global portfolio, with four facilities across the nation.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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