Drewry forecasts growth in box port demand
Drewry’s latest five-year global container port demand forecast is 4.3% per annum, up from last year.
The maritime consultancy made the announcement in its summary of the key trends and developments in the global container port and terminal industry.
Projected port capacity expansion is 2.7% per annum, so average utilisation levels will rise, said Drewry.
Neil Davidson, senior analyst ports and terminals at Drewry, pointed out, however, that there is a strong focus on optimisation of existing facilities as opposed to building new ones and that terminal operators are focusing on cost control and efficiency to maintain project margins.
Drewry’s latest assessment of port throughput indices showed that the global index fell in September 2017 but was 10 points up on September 2016 and 12 points up on 2015.
Mr Davidson said that the growth rate in 2017 showed a sustained upward trend.
North America and Latin America showed the highest annual increases, 12.6 and 11.1 respectively, while Europe had the lowest increase at 4.4%.
The top five global terminal operators were calculated as being PSA International, Hutchinson Ports, DP World, APM Terminals and China Cosco Shipping.
This was followed by China Merchants Port Holdings, Terminal Invetsment Limited (TIL), ICTSI, Evergreen and Eurogate.
Liner shipping mergers have had knock-on effects in terms of terminal ownership and consolidation.
Hanjin’s bankruptcy generated M&A activity, while China Cosco Shipping has had a 44% increase in terminal acquisition activity, accelerated by its merger with China Shipping and OOCL and Noatum acquisitions.
PSA is the next biggest contributor with Singapore and JNPT accounting for around half the increase.
APM Terminals, CMA CGM and DP World also made the list.
Container terminal ownership is becoming increasingly intertwine with more movement towards global international hybrids, said Drewry.
LATEST PRESS RELEASES
As one of the world's leading fender specialist, we consider it our responsibility to do our part fo... Read more
Prince Rupert is the second largest container terminal in Canada Read more
Warrenpoint Port has commissioned a new crane and has commenced the refurbishment of two other crane... Read more
A vision for inland waterway transport (IWT) in the Baltic Sea Region as well as means to strengthen... Read more
Over two million containers and five million tonnes of cargo handled Read more
Bendezu Port Equipment GmbH, an international trading company offering second-hand port equipment, h... Read more