Conditions are picking up for container carriers, according to Hutchison Port Holdings chief Gerry Yim.
HUTCHISON Port Holdings is keeping an optimistic outlook for the year ahead, despite a 6% fall in throughput and revenues in 2016.
Speaking to reporters just ahead of the release of the trust’s 2017 first quarter results, chief executive Gerry Yim said he expected growth at the Pearl River basin terminal operator’s facility to be in the region of 2%-3% this year.
He also said tariffs, which had been knocked back by the trials and tribulations of the trust’s container carrier customers, would head in the right direction this year.
When probed on how easy this would be in the era of consolidation and liner alliances, Yim was optimistic.
“Conditions are picking up for container carriers and we are confident that container lines will share the bounty of their better performance,” he said.
Last Word wonders if he’s ever met a container line executive. He could be in for a shock.
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