HutchWatch: Panama pain and PSA plans – where we stand
Predictions
Today’s opening of a new container terminal at the Moroccan hub of Tangiers is likely to bring relief to a West Mediterranean transhipment market hitting dangerous utilisation levels.
Maersk’s terminal operating subsidiary, APM Terminals, opened its second Tangier Med facility, adding 5m teu capacity to the market and taking overall capacity at the port to nine million teu.
Neil Davidson, senior analyst of ports and terminals at Drewry, dismissed any fears this could create overcapacity among the region’s box ports.
According to Drewry ...
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