Statements from the country's political leaders have emphasised the ambition to diversify export markets for Mexican oil, and the urgent need to modernise agriculture and industry has made Mexico a fascinating market for manufacturers of capital equipment in Europe and the Far East, as well as the United States. Shipping movement statistics underscore the undoubted dominance of the United States among Mexico's trading partners, but also point to a number of areas where trade expansion on the back of increasing oil revenues could well produce a strong surge in shipping demand. Mexico's importance to the shipping industry is very much bound up with its proximity to the United States. To the extent that the US continues to take the lion's share of Mexican oil and gas exports, the overall US shipping requirement for its oil and gas imports will be reduced, and the tanker markets will suffer. On the other hand, Mexico is attempting to increase exports to Western Europe and Japan, and in return foreign investment in Mexico by developed countries other than the United States is on a rising trend. Imports of capital goods from these countries will assume growing importance throughout the 1980s, suggesting encouraging prospects for general cargo operators. Oil, LNG developments, the potential for dry bulk trades and general cargo opportunities are reviewed. with oil-spill disasters.

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    Lloyd's of London Press Limited

    Sheepen Road
    Colchester, Essex CO3 3LP,   England 
  • Publication Date: 1980-8

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  • Accession Number: 00322607
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Nov 29 1980 12:00AM