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Over the next five years investment in container port capacity is expected to tumble following coronavirus-induced global trade slowdowns.

According to the latest Global Container Terminal Operators Annual Review and Forecast report published by Drewry, container port capacity expansion will contract by at least 40% over the next five years in the wake of COVID-19 economic contractions that have hit container trade volumes.

The shipping consultant expects global container terminal capacity to grow at an average annual rate of 2.1% over the next five years, equating to an additional 25 million TEU per year.

“This is well below the capacity growth seen over the past decade, when the average annual increase was more than 40 million TEU a year,” noted Drewry.

Port throughput is projected to grow at an average annual rate of 3.5% over this period from 801 million TEU in 2019 to reach 951 million TEU by 2024.

For much more LloydsLoadingList reports

Published in Ports & Shipping

Dublin Bay Sailing Club (DBSC) is one of Europe's biggest yacht racing clubs. It has almost sixteen hundred elected members. It presents more than 100 perpetual trophies each season some dating back to 1884. It provides weekly racing for upwards of 360 yachts, ranging from ocean-going forty footers to small dinghies for juniors.

Undaunted by austerity and encircling gloom, Dublin Bay Sailing Club (DBSC), supported by an institutional memory of one hundred and twenty-nine years of racing and having survived two world wars, a civil war and not to mention the nineteen-thirties depression, it continues to present its racing programme year after year as a cherished Dublin sporting institution.

The DBSC formula that, over the years, has worked very well for Dun Laoghaire sailors. As ever DBSC start racing at the end of April and finish at the end of September. The current commodore is Eddie Totterdell of the National Yacht Club.

The character of racing remains broadly the same in recent times, with starts and finishes at Club's two committee boats, one of them DBSC's new flagship, the Freebird. The latter will also service dinghy racing on Tuesdays and Saturdays. Having more in the way of creature comfort than the John T. Biggs, it has enabled the dinghy sub-committee to attract a regular team to manage its races, very much as happened in the case of MacLir and more recently with the Spirit of the Irish. The expectation is that this will raise the quality of dinghy race management, which, operating as it did on a class quota system, had tended to suffer from a lack of continuity.