Ocean shipping: Global Port Tracker report calling for strong growth prospects in future quarters

Coming off a less-than-stellar first quarter, future prospects for import and export container volumes in Europe are expected to grow over the next six months, according to the monthly Global Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.

By ·

Coming off a less-than-stellar first quarter, future prospects for import and export container volumes in Europe are expected to grow over the next six months, according to the monthly 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 total container volumes at these ports in March are estimated to have increased 8.1 percent from February to 3.38 million TEU (Twenty-foot equivalent units) and 9.3 percent on an annual basis. March imports and exports are forecasted to be up 29.9 percent and 18.2 percent, respectively, from February.

It added that following what is to be expected active months in April and May, imports are projected to “settle down” through September, with each port expected to post annual gains but relatively flat sequential gains.

Global Port Tracker also reported that the coming four quarters are expected to result in annual growth for import and export volumes, with imports and exports forecasted to post annual growth through the first quarter of 2012.

While growth is still occurring, it has slowed some somewhat, coupled with excess capacity, which is masking the fact that cargo growth is still occurring, according to Ben Hackett, president of Hackett Associates, in an interview. Another factor weighing into growth projections, cited by Hackett is the pace of consumer spending.

“Consumers are spending less on durable and non-durable items, because they are spending more on food and gasoline,” said Hackett. “The excess capacity is coming on at a time when carriers are not removing existing vessels. This is causing freight rates to drop down to 2009 levels. The push made by carriers to increase freight rates has dissipated.”

While carriers are currently not removing vessels from rotations at the moment, Hackett said that could possibly occur fairly soon.


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
Finding Agility in your Workforce: Are you prepared to meet the next market shift?
Logistics companies need every advantage available to them to be a vendor of choice and remain competitive
Download Today!
From the April 2017 Issue
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management market, and in marked contrast to 2016, paints a rosier outlook for career placement and advancement.
Is Your Tractor Trailer Yard a Black Hole?
Information Management: Wearables come in for a refit
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Maximize Your LTL Driver Adherence with Real-time Feedback
This webinar shows how companies are using real-time performance data to optimize the scheduling of their city fleets, as well as the routing of their standard, accelerated and time-critical shipments.
Register Today!
EDITORS' PICKS
2017 Salary Survey: Fresh Voices Express Optimism
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management...
LM Exclusive: Major Modes Join E-commerce Mix
While last mile carriers receive much of the attention, the traditional modal heavyweights are in...

ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...
2017 Rate Outlook: Will the pieces fall into place?
Trade and transport analysts see a turnaround in last year’s negative market outlook, but as...