By Selena Hill (staff@latinospost.com) | First Posted: Jun 24, 2013 11:27 AM EDT

Tropical Storm Cosme has formed about 500 miles south of Manzanillo, Mexico, in the eastern Pacific Ocean. Sunday's tropical depression in the Pacific southwest of Mexico strengthened into Tropical Storm Cosme early Monday morning.

The storm's maximum sustained winds were near 40 mph by early Monday. Cosme is centered about 435 miles south of Manzanillo, Mexico, and is moving northwest near 10 mph. According to the AccuWeather.com Hurricane Center, Tropical Storm Cosme will continue strengthening, and will likely become a hurricane by Tuesday.  

When Cosme was still a depression Sunday afternoon, the storm was stationary, but it has since started to curve to the northwest. The storm's projected path will now steer the system away from Mexico, while fierce winds and extremely rough surf threaten shipping interests in the region. The Associated Press predicts that Tropical Depression 3-E Cosme is expected to stay away from the Mexico's coast.

A tropical storm low west of the depression is struggling to intensify and will soon get absorbed by Cosme.

Although Mexico will not endure the worst of the system, it will occasionally see bands of heavy rain graze its southern coast, from Acapulco to Manzanillo to Puerto Vallarta, through midweek, with a chance of flash flooding.

Surf will also build along the coast during this time, especially around Manzanillo where wave heights could approach as high as 15 feet Tuesday through Wednesday. Residents and vacationers are advised to stay clear of the dangerous waters.

The demise of Cosme will come soon after midweek as the systems reaches cooler waters and rapidly weakens.

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