The container ports industry is entering a new phase as a value sector due to the increasing merger and acquisition (M&A) activity, shipping consultancy Drewry has claimed in a report.
In its new Global Container Terminal Operators Annual Review and Forecast 2016, the consultancy pointed out that due to a combination of slower demand growth, larger liner shipping alliances and bigger ships, ports are increasingly seen as a mature value sector, although still profitable, rather than a growth one.
“Global and international container terminal operators are faced with the dual challenges of weaker demand growth and rising operating and capital costs due to larger vessels and alliances,” a Drewry’s statement noted.
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