Fitch: Growth in European ports has peaked

The European ports have been growing steadily since 1985, but this growth will be less steady going forward. Rather, the ports could face price wars and declining volumes, according to rating bureau Fitch.

Photo: APM Terminals

Rating bureau Fitch has placed a conservative estimate on future growth in the European ports.

This development follows from the fact that the growth drivers that have pushed the ports to an average annual growth rate of 6,5 percent since 1985 have changed. Asia was a key growth factor in the past, as a rising manufacturing region contributing to growing trade, while this growth is now dwindling as, for instance, the difference between European and Asian wages is becoming smaller. Another factor contributing to growth in the ports were the high volumes of cargo changing from general cargo transports to container transports in the period.

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