Ports need to invest US$830B by 2030

Olaf Merk, ports and shipping administrator of the OECD’s International Transport Forum, has warned that the container ports and terminals industry faces a future where returns on investment could be significantly lower.

Big is no longer beautiful in the container liner industry – if indeed it ever was

Olaf Merk from the OECD’s International Transport Forum (ITF) said the mega ship model is an unsustainable “taxpayer financed bubble” that imposes unsustainable costs on the rest of the container supply chain.

A forecast of three-fold growth in cargo volumes over the next five years has induced India to earmark US$18B for a comprehensive overhaul of its port sector during the 11th Five-Year Plan (2007-12).