Brazil, Russia, India, China, Container Trade Grows

MarineLink.com
Tuesday, September 24, 2013

Although Brazil, Russia, India and China are suffering from overheated economies, the BRIC region is still generating attractive cargo growth, finds Drewry Shipping Consultants in their 'Container Insight Weekly'.

Container traffic loaded and discharged in the BRIC region’s ports in the first half of the year grew by an impressive 7.1% year-on-year, up to 90.7 million teu, which is significantly better than North America’s 1.2% and Europe’s 0%

Drewry Maritime Research considers that as Brazil’s, Russia’s, India’s and China’s maritime gateways handle little transhipment traffic, the change is a good barometer of what the downturn in their economies since the beginning of last year has meant to ocean carriers in terms of cargo carried in and out.



Although their economies slowed significantly, the message is that the BRIC region is still very much alive and kicking, with more than enough cargo around to keep ocean carriers happy were it not for the excess newbuild tonnage delivered in their chase for greater economies of scale.



Growth between 1H 12 and 1H 11 was only a slightly higher 7.6%, and this was maintained throughout the whole of 2012, which is a much better picture than that painted in terms of real GDP reductions for the whole of 2012, when Brazil’s output at constant prices fell from 2.7% to 0.9%. Russia’s fell from 4.3% to 3.4%, India’s fell from 7.7% to 4% and China’s fell from 9.3% to 7.8%, compared to overall cargo growth of 7.6%.



Drewry's view is that the BRIC region still has years of impressive cargo growth ahead of it.

Source: Drewry Container Shipping Insight Weekly

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Oil Price Shock Soon to be Positive Overall for Canada

Canada's economy will start to show more positive effects from the drop in oil prices than negatives from the second quarter onwards, Bank of Canada Governor Stephen Poloz said on Friday.

Total Eyes Sale of its Fuel Retailing Business in Turkey

Total aims to exit its fuel distribution business in Turkey and has asked Societe Generale to lead the sale, sources said on Friday, as the French oil producer

MISC Says AET Tankers Unit Not for Sale

MISC Berhad issued a statement today addressing recent market speculation that the company is set to sell its wholly owned petroleum tanker subsidiary AET Tankers.

Container Ships

VT Halter Powers Ahead

If you drive just south of I-10 in Pascagoula, Miss., within 10 minutes you find yourself on the doorstep of VT Halter Marine, arguably one of the more diverse and active shipyards in the U.

Horizon's Hawaii Business Acquisition Cleared by DOJ

Horizon Lines, Inc. reported yesterday that, after a review by the Antitrust Division of the Department of Justice, Horizon's proposed sales transaction with The

SDARI Inks Agreement for INTERSCHALT Loading Software

INTERSCHALT maritime systems AG, a maritime software and services provider of loading computers on board containerships, signed a cooperation agreement with the

News

Two Rescued from Sinking Shrimp Boat

Two fishermen were rescued from their sinking shrimp boat by a U.S. Coast Guard aircrew Friday off the coast of Saint Simons Island near Brunswic, Georgia.   Watchstanders

IMO: Making Ferries Safer

The International Maritime Organization (IMO) domestic ferry safety conference in Manila April 24 has adopted guidelines to aid the process of reducing the mounting

Judge Orders Migrant Boat to Remain in Custody

An Italian judge on Friday ordered that the presumed captain of a migrant boat that sank with the loss of more than 700 lives should remain in custody after prosecutors

Logistics

Kenya Eyes Inland Cargo Logistics Hub to Serve Nearby States

Kenya aims to build a cargo logistics hub near the border with Uganda to receive and clear goods through customs that arrive by air, rail or road, easing pressure

Baltic Index Inches Up on Increased Rates for Bigger Vessels

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Friday on increased rates for bigger vessels.

Horizon's Hawaii Business Acquisition Cleared by DOJ

Horizon Lines, Inc. reported yesterday that, after a review by the Antitrust Division of the Department of Justice, Horizon's proposed sales transaction with The

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | 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: 0.1778 sec (6 req/sec)