Global Port Tracker report has optimistic outlook for rest of year and into 2014

The most recent edition of the North Europe Global Port Tracker report produced by maritime consultancy Hackett Associates and the Institute of Shipping Economics and Logistics is pointing to a solid end of the year that they say will pave the way for a “sharp rebound” in North Europe next year.

By ·

The most recent edition of the North Europe Global Port Tracker report produced by maritime consultancy Hackett Associates and the Institute of Shipping Economics and Logistics is pointing to a solid end of the year that they say will pave the way for a “sharp rebound” in North Europe next year.

The report cited multiple reasons for this, including fundamental economic indicators that are starting to head in the right direction, coupled with signs that the is emerging from its recession, following six months of contraction. And it added that some form of a Peak Season is expected but it will be relatively modest as it is calling for North Europe imports to be down 8.8 percent annually, while exports are expected to be down 1.8 percent, due largely to a weak first half of 2013.

“We are starting to see more evidence that companies like Germany and France and others are increasing their trade activity on long-haul routes to and from Asia at the expense of their share of inter-European trade,” said Hackett Associates Founder Ben Hackett. “If activity in China picks up, there will be more exports from Europe as well. Consumer confidence is also improving in Europe as well and should result in solid growth rates the rest of this year and into next year.”

Ports surveyed in North Europe Global Port Tracker report include the six major container reports in North Europe: le Havre, Antwerp, Zeebrugge, Rotterdam, Bremen/Bremerhaven, and Hamburg.

According to the report, total container volumes across the six port range in June—the most recent month for which data is available— surged 5.4 per cent over May with 3.50 million TEUs, which represents a 3.6 per cent year-on-year increase.

Hackett said that the ocean shipping market, especially in Northern Europe, is likely to see excess capacity over the next four-to-six months, with demand likely to be more in line with capacity growth around next March.

“It is not that excess capacity disappears, instead it is just that it does not get worse,” he noted.


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!

Latest Whitepaper
Six Ways Cloud ERP Supports Rapid Innovation
Kenandy is a new approach to ERP that lets you and your team focus on driving innovation, creating new product lines, and expanding your customer base even as you improve your business operations.
Download Today!
From the November 2016 Issue
The third time is the charm for this U.S. manufacturer on the hunt for a third-party logistics (3PL) provider that could successfully combine transportation services and technology capabilities under one roof.
Warehouse & DC Operations Survey: Ready to confront complexity
2016 Quest for Quality Awards Dinner
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Best Practices: How to Efficiently Leverage APIs to Increase Your Net Income
Both legacy and modern technology leaders agree that leveraging API connectivity is critical in keeping up with the pace of a world that demands not only speed and agility, but also a deep level of visibility. During this session a panel of technology and industry experts discuss impact APIs can have on annual net income and market capitalization.
Register Today!
EDITORS' PICKS
Logistics Management’s Top Logistics News Stories 2016
From mergers and acquisitions to regulation changes, Logistics Management has compiled the most...
Making the TMS Decision: Ariens Finds Just the Right Fit
The third time is the charm for this U.S. manufacturer on the hunt for a third-party logistics (3PL)...

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...