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    Covid to stifle container port investment, to reduce expansion 40pc

    来源:    编辑:编辑部    发布:2020/08/17 11:46:37

    GLOBAL port capacity expansion is expected to contract 40 per cent over five years in the wake of the Covid-19 crisis, according London's Drewry Maritime Research.

    In its latest Global Container Terminal Operators Annual Review and Forecast, Drewry says global container terminal capacity is projected to grow at an average annual rate of 2.1 per cent, or 25 million TEU a year.

    This is well below the capacity growth seen over the past decade, when the average annual increase was more than 40 million TEU a year, the report said.

    Port throughput is projected to grow at an average annual rate of 3.5 per cent over this period from 801 million TEU in 2019 to reach 951 million TEU by 2024. But risks remain to this outlook should a resurgence in Covid-19 cases cause further widespread economic lockdowns over the forecast period.

    "Our five-year forecast for global container port handling has been cut back drastically due to the Covid-19 pandemic, and the risks remain heavily weighted to the downside," said Eleanor Hadland, author of the report and Drewry analyst.

    As a result of the pandemic operators and port authorities are actively reviewing delivery of planned projects in the light of the drastic slowdown in economic growth and uncertain short-to-medium-term outlook.