Hapag-Lloyd won't take bookings if port congestion leaves cargo stranded
A “cautious” Hapag-Lloyd has warned it will not accept bookings if port congestion leaves cargo ...
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By Sam Whelan
Terminal utilisation rates are set to increase over the next few years, putting further pressure on the global port congestion crisis.
According to Drewry, handling volumes will grow by an average of 5% a year between 2020 and 2025, whereas capacity will grow 2.5% a year, to reach 1.34bn teu.
As a result, average utilisation rates will increase from 67% to over 75%.
Eleanor Hadland, Drewry’s senior analyst for ports and terminals, said: “While 75% utilisation at port or terminal level is not ...
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