Market Reports Sees Port Investment Surge

Thursday, September 09, 2010

An independent market report, conducted for Trelleborg Marine Systems, depicts a buoyant ports, harbours and terminal sector with more than a third of decision makers predicting a rise in spending.

The research, revealed in Trelleborg’s free industry Benchmarking Report, shows that 55% of operators, contractors and consultants believe that capital expenditure will rise or at least stay the same over the next 12 months. 60% are also confident that operational expenditure will remain at current levels or increase during the same period.

Richard Hepworth, Managing Director of Trelleborg Marine Systems, said: “The apparent optimism is good for the market and good for the economies of the world, which need investment in the global ports to drive trading growth.”

Further findings from Trelleborg’s survey show that almost half (47%) of stakeholders forecast significant investment to be made in the next two years, while a third (31%) more expect the spending to come through within five years.  

However, sounding a note of caution, Richard Hepworth added: “The short term outlook is much improved, but these decision makers don’t necessarily expect investment to return to the levels we enjoyed a few years ago. Almost two thirds think it could be less or, at best, static.

“The risk is that not enough investment will come through to offset the reduction in maintenance we’ve witnessed during the global recession. Ports, harbours and terminals need to embrace the ethos of making adequate investment now to ward off the future costs of downtime.”

Trelleborg’s Barometer Report, which details a wide range of findings from the industry survey, is available now as a free download from:  www.takesthepressureoff.com
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Panama Canal Launches Green Award System

The Panama Canal has launched the Green Connection Award, a new initiative to recognize customers who demonstrate excellent environmental stewardship, and to encourage

Thyssenkrupp Involves in Panama Canal Expansion

Thyssenkrupp supplied 14 innovative elevators for expansion of the Panama Canal , seven for each new lock complex, one of which is on the Atlantic side and the other on the Pacific.

Antwerp Port CEO Scoops Baron Title

After 25 years as CEO of Antwerp Port Authority, Eddy Bruyninckx has been raised to the nobility by H.M. the king of Belgium with the rank of baron. In Belgium

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Port Authority Ship Electronics Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0741 sec (13 req/sec)