The tremendous changes in the liner shipping market in recent years have also had a huge impact on the container port market. The secondary market of port containers has changed from a market with growth potential to a valuable market. The slow growth of container port demand has brought the container port market into a new era. The aggressive business strategy implemented against the trend will help COSCO Shipping to become the dominant container operator in most countries in 2020.
The newly released Annual Report of Second hand Container Port Operators in Most Countries 2016 (hereinafter referred to as the report) by Drury pointed out that the impact of the reorganization of liner alliances and the large-scale ships made port operators in most countries have no choice but to face the dual challenges of sluggish demand and rising costs bravely. In the stock company voucher market, the port sector has been regarded as a valuable sector, rather than a sector with growth potential.
The report predicts that the annual growth rate of container port demand in most countries will be less than 3% until 2020, which is mainly due to the sharp decline of China's cargo exports. On the other hand, the explosion of demand for container ports in most countries may occur in the Middle East and South Asia, and may also come from the recovery of the Russian economy and the rise of oil prices in the future.
In response to the slow increase in container port throughput, major port operators and investors are eager to re-examine their own port productivity expansion plans. Neil Davidson, senior analyst of Drury, said: Most of the major port operators in most countries are basically reviewing their own business strategies, and their enthusiasm for new projects is much less than before, and they are gradually turning to various enterprise M&A opportunities.
Source: www.qdxhtwy.cn
