Subscribe to RSS feedBox lines may sell port assets to raise cash
CASH-strapped container lines may be forced to sell off their box terminal assets, fuelling keen interest from existing operators and non-industry investors attracted to one sector of the maritime world still making profits.
Drewry Shipping Consultants said that an expected 10% contraction in global container port throughput in 2009 will see the top five terminal groups – PSA, Hutchison, APM Terminals, DP World and Cosco – look to non-organic growth.
Drewry’s ports...
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