Shenzhen: South China’s container movements will continue to grow at a slower pace than the rest of China, a leading containerline executive has told SinoShip News.
David Skov, head of South China cluster at Maersk Line, said: “South China in the medium term future will not grow the same as pan-China.” Rising labour costs were cited as the main reason for this slowdown.
Skov warned that terminal operators in south China must recognize that there is overcapacity and an overlap of catchment areas.
Southern Chinese boxports are on course to register negative growth this year. [18/10/13]