Subscribe to our free, weekly email newsletter!


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

By Jeff Berman, Group News Editor
September 06, 2013

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 headshot
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. .(JavaScript must be enabled to view this email address).


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!

Recent Entries

When it comes to the chances of the December 31, 2015 Positive Train Control (PTC) deadline being extended, something which railroads say is badly needed, it appears they need to be prepared to be disappointed. That was the chief takeaway of a statement from Sarah Feinberg, acting administrator of the United States Department of Transportation’s Federal Railroad Administration (FRA).

It’s said that innovation will lead the economy out of its current funk. But how does an organization become a perpetually innovative company? That’s one of the questions Kai Engel and his co-authors at A.T. Kearney set out to answer in their new book Masters Of Innovation.

At $2.843, the average price per gallon was down 1.6 cents, following last week’s 1.1 cent drop and a cumulative 7.1 cent cumulative drop over the last five weeks.

LM Group News Editor Jeff Berman caught up with UPS Freight President Jack Holmes at the National Shippers Strategic Transportation Council’s (NASSTRAC) Annual Conference and Exhibition. Berman and Holmes spoke about various aspects of the less-than-truckload sector (LTL), as well as related freight transportation news and trends.

In the third-party logistics (3PL) sector, the ongoing trend of merger and acquisition (M&A) activity never seems to take a break. That is apparent in recent weeks alone, with XPO Logistics recent acquisition of Norbert Dentressangle for $3.53 billion, Echo Global Logistics scooping up Command Transportation for $420 million, and Kuehne+Nagel buying ReTrans for an undisclosed sum.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA