Drewry expects container terminal utilisation rates to rise to an average of 79% over the next few years due to the “muted” level of capacity expansion plans in the pipeline.
The consultant’s container port demand forecast for the next five years is for global growth of 4.4% per annum on average, lifting world container port throughput from 784m teu in 2018 to 973m teu by 2023.
This is significantly below the 9% levels seen until the global financial crisis in 2007/08. Several locations are expected to outperform markedly the global average, most notably Middle East/South Asia and Southeast Asia/Far East.
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