Despite a Shortfall, Forwarders Remain Hopeful

Press Release
Friday, March 15, 2013

The Stifel Logistics Confidence Index increased for the fifth consecutive month in March according to the latest survey undertaken by Transport Intelligence.

 

The index for the current and expected situation combined was up 0.4 points to 52.5 in March compared with 52.1 in February.


In terms of the present logistics situation, the index registered a marginal decline of 0.3 index points to 45.4 from 45.7 in February. Since beginning in March 2012, the index has remained below the 50 threshold, indicating weaker volumes relative to those expected for the time of year; a reflection of the difficult economic conditions being experienced globally.


Despite being slightly less optimistic concerning the current environment, forwarders’ expectations for the next six months improved. The index for logistics expectations increased 1.3 points to 59.7 in March.


According to the survey, forwarders’ continue to anticipate an improvement in volumes, even though the index for the current situation doesn’t support this degree of positivity. Lucy Palmer, Economist at Ti, commented: “Regardless of a decline in the current index, forwarders’ confidence surrounding future market conditions strengthened further. This seems surprising; however it could be that the fall back in the index for March was a one-off resulting from manufacturer closures for the Chinese New Year. Results over the next couple of months will tell us whether or not this is the case.”


In a one-off question this month, Ti asked survey participants if there was a visible trend towards increased consolidation (through mergers and acquisitions). Over three quarters of survey participants (76%) acknowledged such a trend, while only 14% did not. The remaining 10% were ‘unsure’.

 

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

News

Baltic Sea Freight Index Edges Higher

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Monday as rates rose for vessels across all segments.

Rotterdam Gate LNG Terminal Expansion Started

Dutch gas network operator Gasunie and tank storage service provider Vopak said on Monday that the expansion of their Gate liquefied natural gas (LNG) terminal in Rotterdam has begun.

MARIN, Cruden, Tree C Technology Forge Small Ship Simulator

Severe vibrations and shocks of up to 9G over an average of 1000 hours per year. That’s what instructors of fast small ships such as the Fast Raiding, Interception

Logistics

Baltic Sea Freight Index Edges Higher

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Monday as rates rose for vessels across all segments.

Rotterdam Gate LNG Terminal Expansion Started

Dutch gas network operator Gasunie and tank storage service provider Vopak said on Monday that the expansion of their Gate liquefied natural gas (LNG) terminal in Rotterdam has begun.

Syria Taps World Wheat Market as Stocks Run Down

Weeks after Syria said it had no need for wheat imports, the government plans to import 150,000 tonnes and has introduced ways to conserve grain stocks in signs

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.2157 sec (5 req/sec)