Speaking at the Twelfth Annual Global Liner Conference this week Mr Mitchell said: \u201cThe opportunities are different now, there\u2019s more uncertainty and slower growth in mature markets compared to emerging markets.”<\/p>\n
Further, Mr Mitchell also sees a widening divide between the two sides: while the emerging economies are, by volume, still smaller, the percentage of growth is comparatively high.<\/p>\n
Mr Mitchell went on to say that by 2015, port utilisation levels in many regions should once again be high enough to bring port projects forward. However, there are a few \u2018black spots\u2019 to this, notably North America and Eastern Europe where even 2015 won\u2019t see much of a recovery.<\/p>\n
However, even in the mature regions he sees an opportunity in the trend toward slow steaming, in that this gives operators a way to drive down handling costs by allocating berthing windows, rather that the \u2013 expensive – shifting about necessitated by a \u2018first come, first served\u2019 basis.<\/p>\n
He also concludes that the slower growth and better planning needed to squeeze costs also means a change in commercial strategy and it is becoming even more important to involve customers in the very beginning of any project to get volume commitments.<\/p>\n","protected":false},"excerpt":{"rendered":"
The economic downturn has created port and terminal investment opportunities if you know where to look, APM Terminals\u2019 chief commercial officer Richard Mitchell has advised.<\/p>\n","protected":false},"author":8,"featured_media":7947,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"sponsor":[],"class_list":["post-7946","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\/7946","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=7946"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/7946\/revisions"}],"predecessor-version":[{"id":7948,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/7946\/revisions\/7948"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/7947"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=7946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=7946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=7946"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=7946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}