Red China is investing heavily in developing deep-water ports in Mexico to bring an
unprecedented volume of containers into the U.
S.
along the emerging NAFTA Super
Highway.
This move signals China’s emergence as the unexpected economic winner
in the...
More
Red China is investing heavily in developing deep-water ports in Mexico to bring an
unprecedented volume of containers into the U.
S.
along the emerging NAFTA Super
Highway.
This move signals China’s emergence as the unexpected economic winner
in the North American Union free market.
Hutchinson Ports, a wholly owned subsidiary of China’s giant Hutchinson Whampoa
Limited (HWL) is investing millions to expand the deep water ports the company
manages at Lazaro Cardenas and Manzanillo on Mexico’s Pacific coast.
Now
Hutchinson Ports is pledging millions more to develop Punta Colonet, today a
desolate Mexican bay in Baja California.
Mexico plans over the next seven years to
dredge and convert Punta Colonet into a 10 to 20 berth deep-water port facility
capable of processing some 6 million standard 20-foot-long TEUs (industry
terminology for the “Twenty Foot Equivalent Unit” that describes a single standard
container).
According to Judicial Watch, “Hutchinson, Whampoa, Ltd.
is the hold
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