German DS Research has published a new market report which lists all upcoming projects for maritime container terminals.
According to the Container Terminal Project Pipeline 2016 report, the amount of projects has increased from last year but for single projects the probability of them finally being executed is decreasing due to a persistent weak demand.
Daniel Schäfer. author of the report, said: “We’ve rated most projects under construction as solid projects.”
“All other projects are tentative in the sense that so far no significant amount of money has been invested.”
The project pipeline of all announced container terminal projects scheduled for completion between 2016 and 2021 consists of nearly 440 single projects, which target to supply 405 million TEU additional container handling capacity worldwide.
Further 210 projects are planned for beyond 2021, these projects are mainly in the master planning phase.
Mr Schäfer added: “In the past 3-4 years moderate demand growth was overruled by favourable financial conditions, resulting in overcapacity being built in the container terminal industry.”
“The development of demand in 2016 will likely determine at what pace and scope terminal operators will adjust investment spending for 2018 and onwards.”
Countries in Europe, North America and the Far East largely comprise a moderate amount of upcoming projects which do not exceed 60% of each country’s current container throughput.
The most ambitious plans for new container terminals are made for the wider Panama Canal region, the Persian Gulf, the Gulf of Guinea and India.
Source: PortStrategy (LF)
Source: PortStrategy