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

News

Jacques R. Saadé Visits the CMA CGM Columba

During the CMA CGM Columba call in Beirut, Lebanon, on August 19, Jacques R. Saadé, CMA CGM Group's Chairman and Chief Executive Officer, visited the 11,400 TEU ship.

GoM Sale Yields $110m in High Bids

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, today’s Western Gulf of Mexico Lease Sale 238 attracted $109,

Ohio River Reopens as Oil Spill Clean-up Progresses

A 15-mile section of the Ohio River was reopened for limited traffic on Wednesday as clean-up of a 5,000-gallon fuel oil spill continued, the U.S. Coast Guard said on Wednesday.

Logistics

Panama Canal Updates Maersk on Expansion

Within the framework of the centennial celebration, the Panama Canal Administrator Jorge L. Quijano received a Maersk Line delegation led by Søren Skou, CEO of Maersk Liner Business,

Refiners Seek Jones Act Workarounds as Crude Export Debate Heats Up

As the first U.S. oil condensate exports head to Asia from the Gulf Coast, crude producers and refiners are exploring ways to get around a century-old law that

UTi Worldwide, Ansell Name Safmarine Partner of the Year

UTi Worldwide Inc., a global supply chain services and solutions company, together with its client, Ansell Limited, named Safmarine its "Partner of the Year" for

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Salvage Ship Repair 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: 0.1050 sec (10 req/sec)