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

News

Damen Outfitting First of Nine Bahamas Patrol Boats

The first of nine Damen Stan Patrol 3007s ordered by the Royal Bahamas Defense Force has arrived at Damen Shipyards Gorinchem in the Netherlands for outfitting.

MARAD Publishes US ATB, ITB Database

The U.S. Maritime Administration (MARAD) released what it is calling a first-of-its-kind public database that chronicles U.S.-flagged, privately owned domestic

DNV GL Targets Safer Approach to Subsea Lifting

The completion of a joint industry project (JIP) to improve existing standards and regulations around subsea lifting operations has resulted in a new recommended practice (RP).

Logistics

Costa Rica Approves APM Terminals Project

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said on Friday Costa Rica's environment agency had approved the construction of its Moin Container Terminal project.

US Plans to Shut Royalty Loophole on Coal Exports

U.S. coal companies will no longer be able to settle royalties at low domestic prices when they make lucrative sales to Asia according to reforms proposed by the Interior Department on Friday.

Benghazi Port Still Closed, Imports Rerouted

The commercial port in Libya's second city, Benghazi, remains closed due to fighting between pro-government and Islamist forces, forcing wheat imports to make a detour via Tobruk harbour,

 
 
Maritime Contracts Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Shipbuilding / Vessel Construction Sonar 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: 0.3924 sec (3 req/sec)