Page 18 - MMC Ports Newsletter - 2023 JANUARY - MARCH_ISSUE

18 MMC PORTS’ NEWSLETTER

On the Horizon:

SCALING AHEAD FOR Q2

Despite a slightly Despite a tumultuous, unpredictable 2022 due to the endemic season
slower start to the and world events closing off several countries, 2023 presents a year
of recovery and reopening of opportunities. Economic recovery in
year, outlooks for the China is expected to present a direct impact on demand and boosts
Malaysian maritime the market. Besides that, India will also continue to contribute to
positive growth due to high investment in capital expenditure on
industry for 2023 infrastructure.
indicate a positive With current demand levels, orders and exports are expected to
trajectory ahead, pick up during Q2 2023, contingent on the reopening of specific
regions such as China.
with a gradual increase Along with the drive for capacity management, sustainability and
in global supply chain efficiency from carriers, we are likely to see an increased role for supply
demand and activity to chain technology in 2023. This is due to disruptions in 2022 highlighting
the importance of implementing new technologies into the shipping
be expected as the year industry.
progresses. In line with this forecast, all of MMC’s ports look towards executing
their announced plans, upgrading infrastructure and upskilling capabilities
in anticipation of a productive, fruitful year ahead.