{"id":7391,"date":"2009-08-31T12:24:00","date_gmt":"2009-08-31T11:24:00","guid":{"rendered":"https:\/\/portstrategy.nfdtesting.uk\/greenport\/2009\/08\/31\/hard-times-predicted-for-box-market\/"},"modified":"2026-08-27T14:32:29","modified_gmt":"2026-08-27T13:32:29","slug":"hard-times-predicted-for-box-market","status":"publish","type":"post","link":"https:\/\/www.portstrategy.com\/greenport\/news\/europe\/hard-times-predicted-for-box-market\/","title":{"rendered":"Hard times predicted for box market"},"content":{"rendered":"<p>However, the review notes that while absolute profit levels will inevitably be down in 2009, many international operators are likely to still be able to maintain a reasonably strong EBITDA (earnings before interest, taxes, depreciation, and amortisation) margin in percentage terms. Drewry&#8217;s Neil Davidson said: &#8220;This will be a remarkable achievement in the worst year the industry will have ever experienced.&#8221;<\/p>\n<p>The company estimates the contraction in global container port throughput in 2009 to be over 10%. In 2010, Drewry expects to see little or no growth, and anticipates that it will be 2011 before a modest recovery in demand will return&#8230; and 2012-2013 before most regions see their throughput regain 2008 levels.<\/p>\n<p>However, there may be acquisition opportunities for those operators and investors with ready access to funds. The most likely terminal portfolios which may become available are, in Drewry&#8217;s view, those owned by shipping lines. Valuations, suggest the company may be around eight to 12 times the EBITDA, though this has yet to be confirmed by the market.<\/p>\n<p>The company also points out that despite 2008&#8217;s unprecedented volume declines, the leading five players, topped by PSA and HPH, remained the same and kept their &#8211; relative &#8211; market share.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2009 is to be the most challenging year ever, says Drewry Shipping Consultants in its annual review of container terminal operations.<\/p>\n","protected":false},"author":8,"featured_media":7392,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"sponsor":[],"class_list":["post-7391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/7391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=7391"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/7391\/revisions"}],"predecessor-version":[{"id":7393,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/7391\/revisions\/7393"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/7392"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=7391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=7391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=7391"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=7391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}