Logistics Executives See Shipping Hub Potential in Cuba

Cuba’s Port of Mariel has already drawn investment interest from port operators and developers around the world.

U.S. logistics executives who toured Cuba’s shipping facilities say the island nation has potential to be a key shipping hub for the region, but that heavy bureaucracy and poor infrastructure pose significant hurdles.

Officials from 18 logistics companies completed a trip to Cuba last Friday—coinciding with President Barack Obama’s historic visit to the island—in which they watched operations at the Port of Mariel and met with prospective partners, including ProCuba, an organization promoting foreign trade and investment in the country.

They said Cuba may be an ideal location for cross-docking, or re-sorting and distributing, cargo from large “post-panamax” ships to smaller vessels headed for U.S. ports. That could include ships from Asia with cargo bound for East Coast ports that aren’t equipped to handle the bigger ships, which can carry 14,000 or more twenty-foot-equivalent units, or TEUs, a standard measure for container cargo.

Read more:

http://www.wsj.com/articles/logistics-executives-see-shipping-hub-potential-in-cuba-1459277476

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