Global Ports and Terminal Operations Market
Global Ports and Terminal Operations market was valued at US$ 3,135.3 Mn in 2020 and it is expected to reach at US$ 6,030.0 Mn by 2027, growing at CAGR 9.9% during the period, 2017-2027. Increasing seaborne trade across the globe will prominently drive the port terminal market size. According to the United Nations Conference on Trade and Development (UNCTAD), in 2018, the seaborne trade surged by around 4% as compared to 2017. The sea freight services provide multiple benefits such as large cargo space availability, economical & safety. Expansion of maritime logistics services will drive the industry growth over forecast period.
Europe is expected to witness the highest CAGR during the forecast period. Ports in Europe are smaller; however, handle a large amount of cargo. Also, the European ports are not capable of competing on port size alone as ports with comparatively less size or capacity handle as much traffic as large-sized ports
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Global Ports and Terminal Operations Market Rapid Economic Growth, Strategic Assessment With and Top Players
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DP World, China Harbour Vie for Roles in Sudanese Ports Bloomberg 3/2/2021 Mohammed Alamin
(Bloomberg) DP World, China Harbour Engineering Co. and an unidentified Qatari company are all seeking roles in Sudan’s ports, intensifying a global tussle for influence on a key stretch of the Red Sea coast.
Sudan’s state-run Sea Ports Corp. is considering China Harbour’s offer of $543 million in funding to expand facilities at the historic port of Suakin, the head of the board of directors, Abdul Gadir Abu Ali, said in an interview. The African nation would repay the sum over 30 years, he said.
BIR told to pursue tax evaders as bizmen vow support to collection campaign By JON VIKTOR D. CABUENAS, GMA News
Published February 18, 2021 7:59pm Philippine businesses this week pledged anew their support to the government s tax collection campaign, but called on the Bureau of Internal Revenue (BIR) to intensify efforts and go after those who do not pay their necessary dues. During the National Tax Campaign Kickoff, International Container Terminal Services Inc. chairman and president Enrique Razon Jr. said the BIR is now in the best position to go over tax evaders given its shift to digitize and simplify the tax collection process.