Trelleborg has recently released its ‘Barometer Report’ which discusses issues impacting ports and terminals globally.
Of the 200 people questioned in the report, 93% of port owners stated they are expecting capital expenditure budgets to increase in the next 12 months, with 88% expecting operational expenditurebudgets to grow too.
98% of consultants and contractors also said they expect capital and operational expenditure budgets to increase.
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Richard Hepworth, President of Trelleborg’s marine operation, said: “Spending these increased budgets strategically is what could really help ports to increase efficiencies. Unfortunately, this doesn’t seem to be happening. The report revealed that, although optimism is returning, 61% of contractors and consultants feel their clients are concerned by upfront purchase costs, rather than prioritising whole life value.”
Hepworth concluded that “as the market continues to strengthen, there’s an opportunity arising for those that can get ahead of demand and invest strategically now. Those that don’t will suffer as new, modern terminals multiply and others quickly upgrade.”
