Subscribe to our free, weekly email newsletter!

Ocean shipping: Global Port Tracker report calls for modest growth on the horizon

By Jeff Berman, Group News Editor
June 29, 2011

Keeping in line with its previous projection of growth for import and export container volumes in Europe, the monthly Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics expects volumes to be mostly flat through October, with increased expected in four of the next six months.

Ports surveyed in this report include the six major container reports in North Europe: le Havre, Antwerp, Zeebrugge, Rotterdam, Bremen/Bremerhaven, and Hamburg.
According to the Global Port Tracker Report, 1.94 million TEU (Twenty-foot equivalent units) total container volumes at these ports in April are estimated to have decreased 2.1 percent from March to 3.29 million TEU (Twenty-foot equivalent units) and increased 7.6 percent on an annual basis.

A total of 1.94 million TEU were reported to have been imported to and 1.39 million TEU exported from Europe in April for a 1.9 percent and 7.7 percent decrease, respectively, from March.

And it added that increases of roughly 3 percent are forecasted in the second and third quarters for incoming volumes, with outgoing volumes projected to increase by 5 percent in the second quarter and 2.6 percent in the third quarter.

Given the modest growth projections, the report’s authors explained that various national austerity packages in Europe, slow economic growth, and increasing fuel and food prices, coupled with weakening consumer sentiment are all factoring into a decrease in imports.

“We have seen a continued weakening of the lack of consumer demand,” said Ben Hackett, president of Hackett Associates, in an interview. “Consumers have a bit of angst and fear about what the future holds in Europe and are concerned about Greece, and the dip of the Euro, which is leading to a cutback in consumption.”

What’s more, he noted that some carriers are cancelling certain services ahead of what is normally the outset of the Peak Season and represents another indication of how things are slowing down.

With demand on the weak side, Hackett said that ocean vessel supply is increasing in conjunction with rates decreasing, which, he said, could likely lead to ships being laid up until consistent demand returns.

Imports at the ports tracked in the report are projected to increase 8.2 percent this year, which is down from 2010’s 12.6 percent increase. And exports are expected to rise 10.9 percent, making it roughly even with 2010.

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

Seasonally-adjusted (SA) for-hire truck tonnage in October at 135.7 (2000=100) was up 1.9 percent compared to September’s 133.1, and the ATA’s not seasonally-adjusted (NSA) index, which represents the change in tonnage actually hauled by fleets before any seasonal adjustment was 139.8 in October, which was 0.9 percent ahead of September.

The average price per gallon of diesel gasoline fell 3.7 cents to $2.445 per gallon, according to data issued today by the Department of Energy’s Energy Information Administration (EIA). This marks the lowest weekly price for diesel since June 1, 2009, when it was at $2.352 per gallon.

In its report, entitled “Grey is the new Black,” JLL takes a close look at supply chain-related trends that can influence retailers’ approaches to Black Friday.

This year, it's all about the digital supply network. In this virtual conference, we will define the challenges currently facing supply chain organizations and offer solutions designed to transform linear operations into dynamic, automated networks that offer seamless communication, visibility, and the ability to respond and optimize processes at any given time.

In his opening comments assessing the economy at last week’s RailTrends conference hosted by Progressive Railroading magazine and independent railroad analyst Tony Hatch, FTR Senior analyst Larry Gross said the economy continues to slog ahead at a relatively tepid pace, coupled with some volatility in terms of overall GDP growth. And amid that slogging, Gross said there is currently an economic hand-off occurring between the industrial sector and the consumer sector.

Article Topics

· All topics


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