The report has been made available for public use, this time summarising results from the second half of 2023 as reported by IAPH members during the first quarter of 2024.
The 110-page report, co-authored by founder-members of PortEconomics, Professor Theo Notteboom and Professor Thanos Pallis, contains regional breakdowns as well as micro-analyses of the latest data from IAPH member port respondees, the S&P Global Port Performance Program and the UNCTAD Liner Shipping Connectivity Index.
The summary highlights of the report with the once-yearly questions conclude that:
- The survey did not identify delays or cancellations of port investments in any particular region of the world.
- About 39% of responding container ports point to major container terminal capacity expansion or upgrades becoming operational in 2024.
- 41% of the ports stated that they intend to devote more land to logistics and distribution activities.
- 38% of ports intend or plan to expand land use to accommodate non-fossil energy production.
“When asked the special questions on the impact of the Red Sea crisis, 63% of ports reported no noticeable delays in vessel arrivals, 28% pointed to minor delays (a few days), and only 9% faced major delays with ships being delayed by a week or more. This was also reflected in feedback from world ports during in the recent IAPH Harbor Cafés – the majority were not impacted, while the ones which were had taken significant hits in terms of congestion.”
Professor Theo Notteboom commented
The main highlights of the Tracker report comparing current with historical data are:
Ports around the world are, on average, more optimistic than half a year ago about the expected traffic evolution in the next twelve months. In Sub-Saharan Africa, the vast majority of ports expect healthy growth.
The situation for container transport fluidity by rail and barge slightly deteriorated, while the share of ports facing delays in trucking in Q4 2023 saw a further decline at the single-digit level with several regions reporting no problems at all.
The shortage of truck drivers at world ports themselves remains quite high at 38% of all respondents.
13% of the responding ports realised a growth of more than 10% in container vessel calls, with liquid bulk and dry bulk ports recording in Q4 2023 percentage growth by 7% and 10% respectively.
On a year-on-year basis, port productivity in Q4 2023 only increased in North America, North Asia and South East Asia.
UNCTAD’s Liner Shipping Connectivity Index (LSCI) increased in seven of the ten best-connected countries. LSCI continues to rise faster in South Korea, Japan, and China. The countries topping the list continue to increase the gap with the rest.
The number of cruise vessel calls in most world cruise ports continued to increase in 2022 and early 2023, reaching a level of activity approaching the pre-pandemic period in late 2023.
“The industry-wide estimation is that the positive trend of cruise activities in 2022 and 2023 will continue in 2024, though at a slower pace due to the ironing out of rapid restart effects after the pandemic. Despite the positive forecasts, about 23% of responding ports expect fewer cruise calls in the next twelve months – the return of cruise operations continues to generate a rethink of the itinerary programs of cruise lines or even the deployment of some cruise vessels in different regions than before.”
Professor Thanos Pallis, who is back from the recent CLIA Europe Cruise Week in Genoa, commented
We are again grateful for the engagement and efforts of our members in providing us with their insights and views which Theo and Thanos have yet again used in combination with first-class industry data to produce this report. The content and structure of our next report will be discussed at our upcoming Technical Committee days next week in London, where we expect to further improve on its content and relevance
IAPH Managing Director Patrick Verhoeven commented
To read your own copy of the report, click here
