Global Container Terminal Operators 2023 Outlook: Navigating Choppy Waters

After two years of strong performance, container terminal operator volumes are expected to be negatively affected from moderation of demand for containerized cargo in 2023. The higher demand for discretionary goods caused by pandemic-related factors, such as low interest rates, government support, and shifts in consumption patterns, have started to reverse. However, the continuing demand for essential goods as well as the integral role of terminals in global logistics is expected to provide stability to the credit profiles of the operators.