CIMC in the hunt

More container terminal concessions are expected to change hands as integrated companies look to match their terminal portfolios to their wider supply chain strategy, while at the same time spreading the risk from supply chain disruptions.

A sharp fall in orders for new containers has taken its toll on container manufacturers with H1 2023 revenues and profits at China International Marine Containers (CIMC), Dong Fang International Containers (DFIC) and Singamas well down on the corresponding period of 2022.

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QTerminals, which is jointly owned by Qatar Ports Management Company (51%) and Qatar Navigation (49%), has a definite overseas investment strategy.

PSA’s Singapore terminals saw a slight decline, but its global operations grew in 2020.