Drewry projects record-low growth for container terminal capacity

Drewry projects a historically low percentage growth of container terminals' total capacity heading towards 2022. However, the maritime and supply chain consultancy firm expects that utilization rates will increase, which is welcome news for existing terminals.

Photo: APM Terminals

Over the next few years, maritime and supply chain consultancy firm Drewry expects the total expansion rate of global container terminal capacity to be slightly more than 10 percent – the lowest growth level ever recorded, concludes Drewry in its most recent quarterly report on ports and terminals up to 2022.

Lacking motivation to invest – particularly in the construction of new terminals – has in recent years been a primary factor of this conservative prognosis. The prognosis entails a total annual growth of container terminal capacity of 2 percent, corresponding to 125 million teu during the period.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Alphaliner: HMM set to go private in 2022

The South Korean state is reportedly prepared to divest container line HMM after having rescued the company from bankruptcy in 2016. According to Alphaliner, South Korea's central administration has confirmed a plan to privatize the carrier in 2022.

Further reading

Related articles

Latest news

See all jobs