Second Consecutive Decline for Stifel Logistics Confidence Index

MarineLink.com
Friday, May 17, 2013

The Stifel Logistics Confidence Index continued its downward trend in May as it fell for the second consecutive month.

Compiled by Transport Intelligence, the overall index, which combines the current situation with future expectations, was down 0.8 points from April to 50.7 in May and was 1.3 points lower compared with the same month in 2012. Yet, even with deteriorating confidence, the Logistics Confidence Index registered above the 50 threshold, indicating growth, for the fourth consecutive month.

Lucy Palmer, Economist at Ti, observed, "Air forwarders have continued to express less optimism compared with sea forwarders since the index began in March 2012, an indication of the modal shift from air to sea freight as shippers seek to lower transport costs." However, for the present environment, both sea and air forwarders indicated a minor weakening compared with April.

In terms of sea freight, the index for the logistics situation fell 0.4 points to 47.0 in May from the previous month. Conversely, when compared to last year, the index was 1.1 points higher. Meanwhile, the overall index for air freight fell 0.6 points to 41.4 in May from the previous month and was 3.0 points lower compared with the index the previous year. Lucy Palmer explained, "We might typically expect an improvement in volumes in the second quarter resulting from a seasonal rebound in spring; however the indices do not appear to show any indication of this as yet."

Forwarders were also slightly less positive regarding the six-month outlook compared with last month; the index for logistics expectations fell 1.2 points to 57.2 in May. However, respondents still believe volumes will improve.

In this month's unique question, we asked survey participants whether they believe North Korea presents a tangible threat to Asia Pacific supply chains. Over half of respondents (52%) did not consider North Korea as a danger to Asia's supply chains, while 34% did. The remaining 14% were unsure.

Full results can be viewed here.

www.transportintelligence.com
 

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

World’s Largest Boxship is DNV GL classed

CSCL Globe, the world’s largest containership and the first of a series of five 19,100 TEU containerships ordered by China Shipping Container Lines (CSCL) in 2013,

New Players in Singapore Markets in OW's Absence

The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share

Japan Military Wants China "Crisis Management" Pact

Japan's highest-ranking military officer on Friday urged an early start to a "crisis management" mechanism with China amid conflicting claims to a group of tiny East China Sea islands.

Logistics

Asia VLCC Rates Could Could Climb Even More

Owners see rates climb by nearly $22,000 per day; Rates could peak as more tonnage comes free. Rates for very large crude carriers (VLCCs) on key Asian routes

New Players in Singapore Markets in OW's Absence

The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share

NATO Unconcerned by Russian Warships in English Channel

A squadron of Russian warships entered the English Channel on Friday but a NATO official dismissed a Russian media report that they were there to conduct military exercises.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Pipelines Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1561 sec (6 req/sec)