Times remain tough for terminal vendors. PAX Global (Bermuda-registered, Hong Kong-listed, with main operations in China) reported H1 2025 revenue of US$348 million, down 10% year-on-year and continuing a decline that began in 2022. Management once again blamed “global economic uncertainty” for the slump. Europe remains PAX’s strongest region, generating US$139 million (–2%). Italy, the … Continue reading PAX: Services Steady, Terminals Slump—Again