THE Global Container Terminal Operators Annual Review & Forecast 2011 reports that worldwide port volumes have more than doubled since 2002 and that China's market share is more than 30 per cent compared to 19 per cent in 2002.
The report, produced by London-based consultancy Drewry, also said that expansion in emerging markets of South American and Africa will be robust while growth in Europe will be flat or only slightly better.
Since 2002, global box volume increased 110 per cent to 588.8 million TEU in 2011. Global terminal operators concurrently enlarged their market share from 58 to 76 per cent. But the top five remained with exception of DP World joining the club by taking over P&O Ports.
Drewry predicts container port demand will grow six per cent annually through mid-2017.
"Ten years from now, the industry will be in excess of one billion TEU per annum - and this is based only on single-digit growth each year," said Neil Davidson, Drewry's senior advisor for ports.
"It's quite possible that ships in excess of 20,000 TEU will be in service on the main east-west routes. Regardless of the current economic uncertainties, the industry is facing a huge challenge in terms of growth - on more than one front," Mr Davidson said.
"In this year's report, we are forecasting that global container port throughput will exceed 800 million TEU by 2017, adding that Drewry also noted that port congestion is largely absent.
CONTAINER
26 August 2012 - 21:23
Drewry: Global box trade up 100pc, China's control hits 30pc by volume
THE Global Container Terminal Operators Annual Review & Forecast 2011 reports that worldwide port volumes have more than doubled since 2002 and that China's market share is more than 30 per cent compared to 19 per cent in 2002.
CONTAINER
26 August 2012 - 21:23
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