Drewry: Strong growth in container freight to fall back

The significant boost in container freight between Europe and Asia in the first half of 2014 does not fit with the slow growth in the countries, says Drewry.

Photo: Hamborg Havn

7,506,000 teu were shipped from Asian ports to Europe in the first half of 2014, corresponding to an 8 percent increase over the same period last year. But even though this is good news for the carriers, the development also represents an artificial increase, says British analysts Drewry.

Certain European countries might have experienced more growth than expected, but the three largest economies in the Eurozone - Germany, France and Italy - all experienced a decline compared to the year before, and total growth in the Eurozone finished at a mere 0.7 percent.

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