27 August 13

A changing game

23 Aug 2013

A number of changes are set to take place within the global container terminal sector as operators “face the challenge of growth in container demand and growth in ship sizes”, says Drewry Maritime Research.

Its latest annual report revealed that global container port demand is forecast to exceed 800m teu per annum by 2017, growing by just over 5% per annum.

Neil Davidson, senior analyst, ports and terminals, Drewry, said: “There are many changes coming in ownership as cash strapped shipping lines are forced to sell more stakes in their terminals, and aggressive terminal buyers chase expansion opportunities, and changes in demand as modest growth still generates large absolute volume increases.”

“For example, even if they only perform at the world average, Shanghai or Singapore will add almost 10m teu to their total throughput by 2017. A figure of 10m teu is more than the entire container port throughput of the UK, India or Brazil,” he added.

At the same time, increasing container ship sizes will see changes in operations and infrastructure as they have to be accommodated not just in Europe and Asia, but around the world.

Despite this, Drewry says the sector will remain “dynamic and profitable”.

Source: PortStrategy