ShippingWatch

Obama's export initiative won't change container routes

President Obama's plan to double exports from 2010 to 2014 will have no significant impact on the shape of the container routes, as the target won't be reached, writes Drewry in an analysis.

Photo: The White House

An ambitious growth initiative from the American President Obama won't change the distribution of routes for container shipping. The goal of doubling the country's export from 2010 to 2014 will fall way short the target, writes Drewry in an analysis.

"However laudable, the failure of President Obama’s export initiative emphasises how difficult it is to centrally engineer a recovery and has not reduced the US container imbalance between exports and imports. For the container industry, US export markets will remain second-fiddle to the headhaul import trades for the foreseeable future," writes Drewry.

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

ECSA's new secretary general balances on a razor's edge

ECSA’s newly appointed secretary general, Sotirs Raptis, has taken up the helm of an organization criticized by its own members for being invisible. In an interview with ShippingWatch, Raptis explains how he intends to alter that image.

Further reading

Related articles

Latest news

See all jobs