News / Box terminals fare better financially than their carrier customers, but can it last?

© Iakov Filimonov

The container terminal industry has been able to navigate around a predicted ‘perfect storm’ in Q1, but are there more dark clouds on the horizon?

While reported losses by ocean carriers in the quarter were north of $1bn, their service provider container terminal operators were able to reap the benefit of a third consecutive quarter of volume growth in excess of 6%.

Presenting a snapshot of Drewry’s latest Ports and Terminals quarterly review, senior analyst Neil Davidson said the industry had largely avoided the ‘perfect ...