Strong Growth in Merchandise Imports to Resume in Fall

MarineLink.com
Tuesday, July 09, 2013

Import volume at the nation’s major retail container ports is expected to increase a modest 1.1% in July over the same month last year but a slow summer should be followed by significant increases as retailers head into the holiday season this fall, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“With the economy recovering slowly, retailers have been cautious with imports this summer but it’s clear that they expect an upturn later in the year,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Import numbers have been close to flat since spring, but we expect to see stronger increases this fall.”

Cargo import numbers do not correlate directly with retail sales or employment because they count only the number of cargo containers brought into the country, not the value of the merchandise inside them. But the amount of merchandise imported nonetheless provides a rough barometer of retailers’ expectations.

U.S. ports followed by Global Port Tracker handled 1.38 million Twenty-foot Equivalent Units in May, the latest month for which after-the-fact numbers are available. That was up 1.2% from April but only 0.6% from May 2012. One TEU is one 20-foot cargo container or its equivalent.

June was estimated at 1.37 million TEU, down 0.7% from a year ago. July is forecast at 1.43 million TEU, up 1.1% from last year; August at 1.45 million TEU, up 1.7%; September at 1.44 million TEU, up 2.4%; October at 1.46 million TEU, up 9.1%; and November at 1.38 million TEU, up 7.3%.

The first six months of 2013 totaled an estimated 7.8 million TEU, up 1.2% from the first half of 2012. The total for 2012 was 15.8 million TEU, up 2.9% from 2011.

Despite the projected increase in imports, Hackett Associates Founder Ben Hackett said actual results will hinge on consumer confidence.

“Consumer sales remain relatively weak compared with GDP,” Hackett said. “If consumers do not turn their confidence into purchases, then import volumes will drop.”

globalporttracker.com

nrf.com
 

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

Ports

Diesel Spill in Houston Ship Channel

A small section of the Upper Houston Ship Channel was closed Tuesday morning after a report of 1,000 gallons of diesel entered Greens Bayou from a cement facility, the U.

Work Begins on $1.6 bln Container Terminal at Jebel Ali Port

DP World Chairman Sultan Ahmed Bin Sulayem announced the start of construction work on a brand new container terminal at Jebel Ali Port, Dubai.   Phase 1 of the

Singapore MPA Wants LNG Bunkering Options

Singapore's Maritime Port Authority is seeking proposals on liquefied natural gas bunker supplies as it shifts away from fossil fuels towards gas while trying to

Container Ships

Diana Containerships Sells Panamax Ship

Diana Containerships Inc. sells Panamax containership, the m/v Cap Domingo   Diana Containerships Inc. today announced that it has signed, through a separate wholly-owned subsidiary,

Work Begins on $1.6 bln Container Terminal at Jebel Ali Port

DP World Chairman Sultan Ahmed Bin Sulayem announced the start of construction work on a brand new container terminal at Jebel Ali Port, Dubai.   Phase 1 of the

BTP Handles Millionth Container

Brazil’s newest container terminal hits a series of efficiency milestones   Brasil Terminal Portuário (BTP), Brazil’s newest container terminal in the Port of Santos,

News

Diesel Spill in Houston Ship Channel

A small section of the Upper Houston Ship Channel was closed Tuesday morning after a report of 1,000 gallons of diesel entered Greens Bayou from a cement facility, the U.

Carnival’s Costa Brand Orders Two LNG Cruise Ships

Costa’s two new cruise ships will be the largest ever built based on guest capacity; Costa will join sister brand AIDA Cruises in building the first-ever cruise

Barcelona Yacht Repairer Adds New Shiplift

Yacht service, refit, repair and maintenance yard Marina Barcelona 92 (MB’92) has awarded a contract to Pearlson Shiplift Corporation (PSC) for the design and supply

 
 
Maritime Contracts Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.1420 sec (7 req/sec)