Terminal operators face cost pressures
Terminal Operators Face Cost Pressures
December 14,2020 — PortStrategy.com
Terminal operators will continue to face cost pressures as the industry handles the latest impacts of the COVID-19 pandemic, finds Drewry. In its most recent Quarterly Port Sector Briefing, the independent maritime research consultancy presented its spotlight analysis that looked at the financial impact that COVID has had on the global container terminal sector. Eleanor Hadland, senior analyst, Ports & Terminals, at Drewry, explained that the initial response of operators when faced with plummeting volumes, has been to “initiate a combination of both cost control and cash preservation measures”.