PIERS’ sister company, The Journal of Commerce (JOC) reported that according to a Global Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics, experts predict a strong six months ahead for ocean container imports and exports at six major European ports, indicating a return to pre-recession economic conditions. The ports tracked include le Havre, Antwerp, Zeebrugge, Rotterdam, Bremen/Bremerhaven and Hamburg.
After a couple of active months in April and May, incoming volumes are expected to settle down through September at the six North European ports monitored. Import volume every month at each port through September is projected to post a year-over-year gain. Export volumes at the six ports are expected to be relatively flat on a month-to-month basis, but solid year-over-year growth is anticipated. In the longer term, all four upcoming quarters are forecast to post year-over-year growth for both incoming and outgoing container volumes.
Particularly, the Port of Hamburg is expected to show healthy growth with volumes increasing as transshipment to Scandinavia and Russia picks up, especially in the second and third quarters of this year. It expects that all but one of the upcoming six months will post an increase over the previous month in incoming container volumes and all are anticipated to post year-over-year gains.
Sound familiar? Our April blog post also reported on the positive and solid “Energizer bunny” effect of U.S.-Europe trade. With all of these positive developments in the transportation industry, how are you keeping up? Try a free demo of PIERS’ various products designed to keep you informed with the most current data to help shape your business.