Stagnant Global Freight Volumes Reported in Statistics Briefing

Press Release
Thursday, July 19, 2012

The International Transport Forum (ITF) also highlights concerns over potential European decline in its recent 'Statistics Brief'

The latest global freight data collected by the International Transport Forum at the OECD through March 2012 highlight concerns over possible decline in the EU-27.

Relevant insights from the 'Statistics Brief' follow:

►External trade by sea, measured in tonnes of goods moved, in the EU- 27 and the USA remain stagnant below pre-crisis levels;

► External trade by air, considered a lead indicator for overall economic performance, suggests near-term decline in the EU-27 as trade languishes below pre-crisis levels;

 ► BRIICS and Asia remain locomotives of global growth although trade with Asia shows signs of levelling off. EU-27 exports to China fall both for air and sea;

► Weak recovery in road and rail freight, especially in the EU-27, reflects continued weak domestic demand.

The overall picture for global freight is one of stagnation with indications for near- term decline in economic performance for the EU-27.

Total trade by sea grew throughout the [world economic] crisis and is now 12% above the pre-crisis level.

Exports by sea to BRIICS from the EU-27 and the USA reached new highs in March 2012 and were 52% and 59% above pre-crisis levels respectively.

However, exports by sea to Asia show signs of slowing down since the beginning of 2012. EU-27 exports to China, specifically, declined markedly.

 

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

News

Gladding-Hearn Delivers Third NYPD Boat

With more than a dozen patrol boats and a fireboat built by Gladding-Hearn Shipbuilding, Duclos Corporation, operating in New York Harbor, the Somerset, Mass.,

Cook Joins Horizon Shipbuilding as Operations VP

Horizon Shipbuilding, Inc. announced that Mickey Cook has joined the corporation as the Vice President of Operations for the Bayou La Batre shipyard. Cook, one of the founders of C & G Boatworks,

Update: SS Central America Salvage

Odyssey Marine Exploration completes current phase of SS Central America recovery; 15,500+ gold and silver coins, 45 gold bars recovered to date; 161,000-square meter,

Logistics

China, Sri Lanka to Launch FTA Talks

Chinese President Xi Jinping began a visit to Sri Lanka on Tuesday agreeing to open bilateral negotiations for a free trade pact as Beijing tightened its embrace

Cargo Container Security Alliance Formed

SC-integrity, Inc. (LoJack SCI) and Contguard Ltd. announced a strategic alliance designed to provide their customers with security and real-time visibility of

Mideast Crude Tanker Rates Near 3-month Low

Crude oil tanker earnings on the major Middle East route fell to their lowest in nearly three months as a slowdown in business in recent days battered rate sentiment.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators 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: 0.0954 sec (10 req/sec)