Global Port Tracker report calls for slow growth in 2011

A moderate increase in European import and export volumes is expected in 2011, according to the most recent edition of the Global Port Tracker Report published by Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.

By ·

A moderate increase in European import and export volumes is expected in 2011, according to the most recent edition of the Global Port Tracker Report published by Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.

Ports surveyed in this report include the six major container reports in North Europe: le Havre, Antwerp, Zeebrugge, Rotterdam, Bremen/Bremerhaven, and Hamburg.
For 2011, the report is calling for imports to be up 8.6 percent to hit slightly more than 23 million TEU and exports are expected to grow slightly less than 7 percent to 16.63 million TEU. 

In its previous edition, Hackett and Bremen said that 2010 in its entirety is forecasted at 15.23 million incoming TEU and 15.72 outgoing TEU for 12.9 and 11.2 percent gains, respectively, over 2009. Total 2010 volume remains very close to previous projections of 37.38 million TEU, which is 12.5 percent higher than 2009’s 33.22 million TEU.

For December, the most recent month for which data is available, the report noted that total container volumes for all surveyed ports were estimated to have decreased by 2.2 percent—or 66,000 TEU (Twenty-foot Equivalent Units)—to 3.00 million TEU from November and were up 4.2 percent compared to December 2009.

The Port Tracker report added that December imports were up about 2.7 percent from November and exports were down about 3.5 percent from November. Imports and exports were up 3.4 percent and 2.1 percent, respectively, from December 2009, with incoming volumes at 1.2 million TEU and outgoing volumes at 1.27 million TEU and the remaining 0.53 million representing empties.

Ben Hackett, president of Hackett Associates, said in an interview that January and February were likely to be down in terms of volume, due in part to the Chinese New Year, before picking up in March, adding that the first quarter should end up being stronger than the third or fourth quarters.

Even with increases expected, Hackett cautioned that austerity packages in place throughout European countries need to be monitored when it comes to assessing future growth, coupled with economic weakness for some southern European Union members and rising inflation.

When asked about capacity, Hackett said that there is more than enough capacity to handle European imports and exports, following a 2010 which saw carriers removing capacity in the third quarter of 2010 and then bringing it back in the fourth quarter, with some carriers again pulling capacity as volumes declined towards the end of 2010, which caused freight rates to drop as carriers tried to hold onto market share.

“There is more than enough capacity at the moment, as nobody has removed much the fourth quarter,” said Hackett. “Excess capacity has been driving freight rates down a bit, too. There are no container or capacity shortages at this point.”

For more articles on ocean shipping, please click here.

About the Author

Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

All Topics
Latest Whitepaper
Efficiency improvements in Track/Trace Enhances Customer Loyalty
Consumer satisfaction with the quality of your products is clearly important, but the service you provide before and after the sale is equally important to any business, but often overlooked as benefiting the bottom line.
Download Today!
From the October 2016 Issue
Over the past decade we’ve seen a major trend in regards to safety regulations for freight transport within the United States as well as for import and export shippers—that trend is the “international­ization” of rules and regulations.
European Logistics Update: Post-Brexit U.K. moving ahead, but in which direction?
Badcock Home Furniture &more: Out with paper, in with Cloud TMS
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
How API Technology Connects the Transportation Economy
Dynamic decision making is made possible through accurate, actionable data. When combined with progress in data science and the Internet of Things, technology companies that add value to direct-to-carrier APIs and combine them with high-power data analytics will create new concepts for the information economy.
Register Today!
Motor Carrier Regulations Update: Caught in a Trap
The fed is hitting truckers with a barrage of costly regulations in an era of scant profits....
25th Annual Masters of Logistics
Indecision revolving around three complex supply chain elements—transportation, technology and...

2016 Quest for Quality: Winners Take the Spotlight
Which carriers, third-party logistics providers and U.S. ports have crossed the service-excellence...
Regional ports concentrate on growth and connectivity
With the Panama Canal expansion complete, ocean cargo gateways in the Caribbean are investing to...