On May 13, 2003, we completed the sale of our 51% interest in TMM Ports and Terminals ("TMMPyT") to SSA México, an affiliate of our former partner in this division, Stevedoring Services of America ("SSA"). Included in the sale were the operations at the ports of Manzanillo, Cozumel, Veracruz and Progreso. We continue to conduct operations at two Mexican ports—Acapulco and Tuxpan.

API Acapulco

• Cruise ship terminal
• Automobile warehousing
• Automobile terminal

Tuxpan

• Delivery and receipt of cargo
• Multipurpose terminal
• Container warehousing