Trelleborg report predicts budget boom

Twitter
Facebook
LinkedIn
Email

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.

To read more about Trelleborg in our supplier directory, click here

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.”

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.
FREE

Supplier Directory

Be listed with industry leaders operating within Ports and Terminals

Webinar Series

Join 500+ attendees on average with a Port Technology International webinar

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.