Drewry's latest "Annual Review of Global Container Terminal Operators 2008," lists the top port operators by equity TEU throughput, which gives PSA the top spot, in part by virtue of its 20 percent stake in Hutchison Drewry says that while a significant shortage of global container terminal capacity relative to demand is still a possibility within the next few years, two factors have combined to create some breathing space in certain regions: the high level of investment in container terminal infrastructure and equipment that is being made by global terminal operators; and the slowing of demand growth in locations the U.S. and Europe. "Over the past 18 months we have seen a large number of new container terminal development projects confirmed, and this will have a positive impact on the utilization of terminal capacity over the next five to six years," said Neil Davidson, Drewry's director of ports. "At the same time, demand growth has eased in certain key locations, such as the U.S. and Europe."