Subscribe to our free, weekly email newsletter!


Global Port Tracker report says 2011 growth path remains intact

By Jeff Berman, Group News Editor
March 25, 2011

European import and export volumes are off to a decent start, according to the most recent edition of the Global Port Tracker report from 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.

The report stated that it forecasts January export volumes at 1.24 million Twenty-Foot Equivalent Units (TEU), which is 7.4 percent less than December 2010 but 11.5 percent better than January 2010. Imports, on the other hand, nearly hit the 2 million TEU mark—at 1.98 million TEU—for a 16 percent annual gain and 6.7 percent ahead of December 2010.

And it added that it is calling for total Europe-bound imports for the first quarter to be up 7.3 percent over the fourth quarter of 2010 for what would be a 14.1 percent increase over the first quarter of 2010. Exports are projected to post single-digit annual gains in each of the next six months, with month-on-month declines projected in two of those months, according to the report, and import and export growth is expected in each of the next four quarters.

Hackett Associates President Ben Hackett said in an interview that January numbers and the first half of February are looking very positive, due to the timing of the Chinese New Year, which will likely be followed by a decline in March as manufacturing traditionally shuts down in China because of the Chinese New Year.

“The first half of the year is looking to be marginally stronger than last year, as we are not likely to see the growth we did from 2009 to 2010 for a number of reasons,” said Hackett. “One reason being the austerity packages in place in Europe, which are taking some consumer income away that cannot go towards purchases, and for the first half of the year we have lowered our total growth prediction in light of what is happening in Japan and it may need to be reduced further in the future as we continue to monitor the situation.”

Hackett added that with more capacity coming online that he expects freight rates to stay relatively weak for the next three or four months before possibly heading up around mid-year.

For related stories, please click here.

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

With an eye on capitalizing on future trade and commerce growth in South Asia, express delivery and logistics services provider DHL today rolled out its plans to build an $85 million EUR ($93 million USD) DHL Express South Asia Hub, which will be a 24-hour express hub facility within the Changi Airfreight Center at the Singapore Changi Airport.

While the Federal Railroad Administration (FRA) has long stated its goal of having Positive Train Control (PTC) technology installed on 40 percent of its network by December 31, 2015, railroad industry stakeholders have repeatedly stated that reaching that deadline would be a stretch. It now appears that the railroad sector has some members of Congress sharing the same line of thought with legislation rolled out this week that pledges to extend the PTC deadline to 2020.

West Coast port authorities may be overstating the obvious when they decry “business as usual.” But it’s refreshing to see them finally coming around.

Transportation stakeholders reliant on North Carolina’s major seaports are welcoming news this week, which outlines plans to enhance the intermodal and cold chain network in the region.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 56.9 in February, which was 0.2 percent ahead of January and also 0.1 percent ahead of the 12-month average of 56.8. Economic activity in the non-manufacturing sector has grown for the last 61 months, according to ISM.

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