On the wires: Trend detector – throughputs & the congestion windfall for terminal operators
No one likes a queue, except those taking gate receipts
Ordering new ships has been an activity heavily freighted with peril over the last decade or so. Carriers have generally been highly wary of new tonnage since the fall-out from the global financial crisis, when an unprecedented decline in volumes coincided with a surge in new ships hitting the water.
It created a structural overcapacity in the industry that took years to recover from, and indirectly led to the bankruptcy of South Korean carrier Hanjin in 2016.
The key metric for container ...