The global container terminal industry is expected to remain a very profitable business in 2019, with its throughput set to exceed 800 million TEU generating an EBITDA worth over USD 25 billion, according to UK-based shipping consultancy Drewry.
The projection is being made despite the upcoming headwinds the sector faces from growing geopolitical uncertainties like US-China tariff wars and Brexit. As such, Drewry anticipates to see a softening of the global container port demand growth rate, down from an estimated 4.7 pct in 2018 to just over 4 pct in 2019. Nevertheless, 4 pct is still very respectable and adds over 30 million TEU to the world total.
“We can expect to see continued caution by investors and operators in terms of investment in new capacity because returns are not what they used to be. Even Chinese players may be affected if China’s economy slows markedly,”Drewry said.
The full article appears in the World Maritime News website