Subscribe to our free, weekly email newsletter!


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

By Jeff Berman, Group News Editor
May 31, 2011

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 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

Largely feeling the effects of the recently resolved West Coast ports labor disruption, railroad and intermodal volumes in February were down annually, according to data released by the Association of American Railroads (AAR) this week.

The year 2015 marks a major milestone for the industry, MHI is celebrating its 70th anniversary at ProMat 2015, held March 23-26, 2015.

While the Federal Motor Carrier Safety Administration has made strides in regards to better oversight of motor carriers through its Compliance, Safety, Accountability (CSA) and chameleon vetting safety programs, there is room for improvement for it to improve its oversight to better target high-risk carriers. That was the thesis of a report released this week by the United States General Accountability Office

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.

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