Why Maersk's CEO Was Wrong About Port Investment

Maersk's CEO says lack of investment by ports is largely to blame for congestion at key gateways. But box shipping lines now own nearly half the world's container terminals, so is this really a port problem, or a carrier problem? Mike King is joined by Eleanor Hadland, who leads Drewry's ports and terminals research, to pick apart Vincent Clerc's claims about port underinvestment. Then they take a tour of the world's maritime bottlenecks: Shanghai and Ningbo, Europe's struggling hubs, the fifteen billion dollar scramble to build ports around the Strait of Hormuz, Panama Canal water levels, and West Africa's investment paradox. Thanks to Dimerco Express Group for supporting this episode, the best partner if you need a shipping or air cargo solution on the transpacific trades and beyond. Subscribe for more freight and supply chain conversations every week, and help us hit 10,000 YouTube subscribers. #Shipping #SupplyChain #Ports #Maersk #Logistics 0:00 Maersk's Vincent Clerc blames ports for the shipping delays and congestion 1:00 Eleanor Hadland on Drewry's ports and terminals research and her career at Associated British Ports 3:00 Does Vincent Clerc's claim about 15 years of port underinvestment stack up 8:00 Ocean carriers own 45% of global marine terminals, are carriers profiting from the congestion they blame on ports 12:00 Port congestion in Shanghai, Ningbo and Southeast Asia, new terminals at Tuas, Port Klang and Pasir Panjang 14:00 Port congestion in Rotterdam, Antwerp and Europe, low water on the Rhine and labour shortages 18:00 Jebel Ali and the Strait of Hormuz closure, can Dubai's ports ever fully recover 19:00 The $15 billion race to build ports at Khorfakkan, Fujairah, Jeddah and Oman 26:00 US port investment at Savannah, Baltimore and Long Beach, plus Mexico's Lazaro Cardenas and Manzanillo 27:00 Panama Canal low water and how it is shifting container routing to the US East Coast 31:00 Port congestion in West Africa, Tema, Lome and the Durban Gateway Terminal in South Africa 34:00 Eleanor Hadland's three things shippers should watch over the next two years 35:00 Does chronic port underinvestment actually make Maersk more money