Planned Port Capacity Will Be Sufficient in Most of the World. But A Few Regions Will Feel Squeeze Handling Future Trade Growth, Says OECD Report [1]
Date of Publication:
Thursday, 2 June 2016
Link to article:
Media Outlet name:
Global Trade Magazine
Country:
United States [3]
Abstract:
The capacity improvements currently planned in seaports around the world will be “sufficient enough” to accommodate future trade growth to 2030.
That is, perhaps, not a stellar endorsement of current capacity planning from the International Transport Forum of the OECD, but a grade of B- or C+ is better than an F.
“Our projections show that only southern Asia needs to expand capacity beyond what planned or projected capacities are showing,” said the recently-released ITF report.