Top Global Ports Hit Economic Wall


The productivity at all of the top 30 container ports worldwide has been at a stalemate for two years and counting, reported

The report has been written using ship tracking and port call data by the IHS, and it has found that amongst the top ports, productivity increased by a maximum of 2% in the beginning of 2016, the same number for the same period of 2014, and that many were actually seeing increasing declines.

Andy Lane, partner with CTI Consultancy, the analyst behind the data, said: “With exception of a few bright spots, the picture is not a good one, most of the declines were experienced in 2015; we saw a slight rebound in 2016 but it was not enough to significantly impact the longer-term picture.”

Both the shipbuilding and shipping industry have struggled with a recent economic slump, which has claimed one of the largest shipping companies in the world, Hanjin Shipping.

Japanese shipbuilding companies reported in August, 2016 that they had experienced a record low in orders of new vessels, having had just eight in the entire month of July, 2016.

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