According to MANA, Drewry’s Global Container Terminal Operators Annual Report 2016 says global and international terminal operators have had no choice but to face up to the dual challenges of weaker demand growth and rising operating and capital costs due to the influx of larger vessels and the formation of new alliances.
Drewry expects global container port demand to grow by less than 3% each year through to the end of the decade due to a steep slowdown in Chinese exports in particular. The only real positives, it says, will be resilience from the Middle East and south Asia, but a boost could also come from a potential recovery from Russia and a rise in the oil price.
In response to the continuation of slow volume growth, Drewry says terminal operators and investors have been urgently reviewing their respective capacity expansion plans.
APM Terminals and PSA International are expected to hold on to their respective positions of second and third, while the current largest international operator is forecast to fall to fourth in the rankings.