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Supply/Demand: Med-North America

Trade from the Mediterranean to North America is picking up, but off a very low base, so the second quarter’s 8% growth over the first three months of the year could yet turn out to be another false dawn. Cargo growth from the Mediterranean to North America remained promising in 2Q 13, albeit off a low merchandise base. Container traffic increased by 8% compared to 1Q 13, up to 320,000 teu, much of which will have been seasonal, but year-on-year growth in the first half of the year was still 7%.