What does 2019 hold for the container port industry?
As the new year comes in, here are some thoughts from Drewry on what the key issues and trends will be in the container ports and terminals sector in 2019.
Low prices, abundant supply and an aggressive shift towards cleaner gas for energy generation are creating strong demand for LNG, not just from large buyers, but also from small importers.
A sharp decline in prices as well as mounting pressure of oversupply has forced OPEC and its allies to cut production, however, crude tanker demand is unlikely to be affected.
The Chinese government’s objective of suppressing coal and lignite imports in November and December 2018 is adversely impacting demand for Panamaxes and thus rates. Nonetheless, we believe imports will be supported by winter and high-energy demand in the first quarter of 2019.
Higher exports from India and Thailand are likely to partly replace Brazilian sugar in Asia and the Middle East, which in turn will hurt tonne-mile demand in the dry bulk market.