Growth in port activity good for marine suppliers - Trelleborg

ERJ staff report (DS)

Manchester, UK -- An independent market report, conducted for Trelleborg Marine Systems, depicts a buoyant ports, harbours and terminal sector with more than a third of decision makers predicting a rise in spending.

The research, revealed in Trelleborg's free industry Benchmarking Report, shows that 55 percent of operators, contractors and consultants believe that capital expenditure will rise or at least stay the same over the next 12 months. 60 percent are also confident that operational expenditure will remain at current levels or increase during the same period.

Further findings from Trelleborg's survey show that almost half (47 percent) of stakeholders forecast significant investment to be made in the next two years, while a third (31 percent) more expect the spending to come through within five years.

Richard Hepworth, Managing Director of Trelleborg Marine Systems, says: "The apparent optimism is good for the market and good for the economies of the world, which need investment in the global ports to drive trading growth."

"The risk is that not enough investment will come through to offset the reduction in maintenance we've witnessed during the global recession. Ports, harbours and terminals need to embrace the ethos of making adequate investment now to ward off the future costs of downtime."

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Press release from Trelleborg

Download the full report from Trelleborg