“All but essential” expansion plans and capital spending have been put on hold by container terminal operators that have seen volumes and share prices slashed this year, and a resulting hit to their balance sheets.
“Stock markets have plummeted, seaborne trade has dropped like a stone and the world economy is heading for deep recession,” said Drewry’s senior analyst ports and terminals, Eleanor Hadland.
“The first quarter saw world port handling drop …
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Source: The Loadstar
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