ShippingWatch

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs