CORDOBA, ARGENTINA--October 30, 2023--Researched by Industrial Info Resources (Sugar Land, Texas--Investments in new ports and terminals in Latin America and the Caribbean are seeing a significant increase, and this is due to a combination of strategic and economic factors. The region's geographical location, with coastlines on two oceans and in close proximity to important trade routes, makes it a key access point for international trade. Economic growth in the region, driven by sectors such as tourism, agriculture, and manufacturing, has led to increased demand for efficient and modern port infrastructure.

Not only do these projects seek to accommodate larger ships and streamline cargo flow, but they also emphasize sustainability and environmental responsibility.

Industrial Info is tracking 1,689 active capital-spending port projects in Latin America and the Caribbean, worth US$31.81 billion.