This decade has had unpredictable results on the behaviour of the world and regional economy (optimistic predictions not fulfilled at the beginning of the Decade, bad behavior until last year, surprising revival this year and cautious optimism with respect to the following), which has affected the behavior of containers movement in the ports in the same way.
The trend of alliances and mergers of shipping companies has not only changed the face of the shipping, but it has also redefined the elections of landfall at port, based on new parameters, as evidenced by the most recent Ports and Terminals Insight, of the consultant Drewry.
Slower growth in global trade and increasing political and economic uncertainty have ratcheted up risk for the Caribbean’s transshipment port operators following the expansion of the Panama Canal. Jennifer P. Roig from InfraLatinAmerica asks industry experts which operations are likely to appeal to lenders
Highlighted the crisis of port industry as a result of the static of the foreign trade and therefore of the containers movement, warning about the oversizing of the sector during times of crisis that has led to failures such as Tecplata in Argentina and La Union in El Salvador.
The report raised economic forecasts for Latin America and the Caribbean, the Inter-American Development Bank (IDB), growth analysis for this region is not encouraging. The main reasons why the economy in this region will grow below the global trend is the lack of investment and poor investments.
After the crisis that affected the port sector during the current decade (apparently already overcome), which left us bitter experiences as a result of the indiscriminate expansion and proliferation of terminals, must avoid to continue the oversizing and rather focus on work in the still poor logistics and internal connectivity.
In an interview with Portfolio of Colombia, President of the Inter-American Development Bank said that “it is clear that the good times are back, but more than one considers that this boom can last a little and that there are many crosswinds that must provide attention. More than one recalls that ten years ago everything seemed very well and a few months later the bubble burst”.
The New Era of the Ports: Projects and New Business Models in an Industry in Transformation
Panama City, April 11 & 12, 2018
The port business is in the process of transformation, adapting to the currents of change coming from the various sectors that make up the supply chain
According to Drewry Maritime Research, despite the upturn in the containers movement in 2017, the recent ports and trade statistics suggest that prospects are still too much on the defensive.