Future of Box Terminals Look Bleak Ahead of Q2 Results

Expansion plans and capital spending have been put on hold by container terminal operators.
Volumes and share prices remain slashed and a resulting hit to their balance sheets.
The first quarter saw world port handling drop around 4% year on year.
Drewry estimates global port volumes will fall 9% over the rest of the year.
2021’s forecast is currently ranging from a 13% fall to minus 6%.
Medium-term supply chain diversification from China is likely to spur port investment.

According to an...