OECD: Weak global cargo volumes in 2012

The global cargo volumes have been weak up to June 2012 due to sluggish trade between the U.S. and the EU, shows statistics from OECD’s International Transport Forum (ITF), writes Shipping Gazette.

Photo: Hyundai Merchant Marine

From the research done on the trade between the U.S. and the EU up to June 2012, the numbers from ITF show that the volumes are still below the volumes leading up to the peak level from June 2008 before the financial crisis.

In the U.S., the sea freight at the end of June 2012 was still 6 percent lower than the level before the crisis, while the sea freight in the 27 EU member states was 1 percent lower than the level before the crisis.

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