Covid-19 to “stifle container port investment”

An unprecedented recovery in box building activity has taken place this year. Disruptions in global supply chains have led ocean carriers and leasing companies to order significantly more containers. Output this year could exceed 2021 when a total of 6.68m TEU was produced.

Drewry’s latest report predicts PSA will surpass COSCO Shipping in terminal capacity by 2028, reshaping the top of the global container terminal rankings.

Drewry: Dry freight container manufacturing is set to achieve the second highest volume ever recorded.

The seven largest global terminal operators now handle over 40% of global port throughput on an equity-adjusted basis, says Drewry.

The re-routing of mainline vessels via the Cape of Good Hope has led to a significant downturn in vessel call capacity at East and Central Mediterranean hub ports.

WorldCargo News had an insightful conversation with Captain Hemant Gupta, Principal Consultant at Drewry Maritime Advisors, and leader of the ESG advisory team, shedding light on the potential impact of automated ships on port operations and handling equipment.