Built It, But Will They Come? – Port Development as a Harbinger of Growth in Shipping and the Gamble Ports are Making
January 20, 2012
Marine Money
Types : Bylined Articles
For a very long time, now, the news unrelentingly reports financial disasters – plunging freight rates, collapsing vessel values, failing companies, laid up vessels by the hundreds and the demise of numerous shipping ventures.
But, though cold comfort to those who have seen the recent economic cycle destroy their fortunes, for the longer term, port development projects already under way and those in the planning stage are based on forecasts of increased trade and therefore substantial growth in ocean transportation.