SeaNews Turkey
Home FAQ RSS Links Site Map Contact Wednesday, 30.Jul.2014, 21:13 (GMT)
All News
INTERVIEW
TURKISH STRAITS
SEANEWS MAGAZINE
COLUMNISTS
WORLD SHIPPING
PORTS
SHIPPING NEWS
SHIPBUILDING
ACCIDENTS
PILOTAGE&TOWAGE
MARKETS
LOGISTICS
SHIP RECYCLING
IMO&EU NEWS
PIRACY
TURKISH PRESS REVIEW
SEA SPORTS
NEWS FROM TURKEY
INSIGHT/OPINION
SHIPBROKER REPORTS
OFFSHORE
GUEST COLUMNIST
MARITIME RSS
Poll
Will freight markets ever return pre-crisis levels?
Yes, in 2014
Yes, in 2015
Yes, after 2015
No, never!
Who knows?
Get Adobe Flash player


 
IMO&EU NEWS

Euro debt crisis prompts severe contraction of Asian imports, says CTS
Euro debt crisis prompts severe contraction of Asian imports, says CTS


EUROPEAN imports are contracting faster than expected, according to Container Trades Statistics (CTS) figures revealing a more severe shrinkage than expected.Tuesday, 07.Feb.2012, 21:47 (GMT)

EUROPEAN imports are contracting faster than expected, according to Container Trades Statistics (CTS) figures revealing a more severe shrinkage than expected.

Fourth quarter European imports from Asia fell 9.2 per cent to 3,352,600 TEU from the third quarter. While contraction is seasonally normal, not to this extent, says CTS.

The final quarter took the westbound tradelane's cargo flow to 13,920,700 TEU, only a 3.3 per cent more than in 2010, much lower than MDS Transmodal's estimate of seven per cent.

"Although MDS Transmodal data seems to fly in the face of recent economic analysis, the consultant argues Europe is now buying more from China, replacing more expensive home production. In other words, European consumers are not buying that much more, only more of what they are buying is produced in Asia," said London's Containarisation International.

Transatlantic shipping showed better fourth quarter results for imports from North America, with an annual increase of 3.1 per cent, up to 2,865,600 TEU year on year.

Nonetheless, European exports increased 8.4 per cent to 3,369,100 TEU to North America year on year while exports to the Mideast and the Indian subcontinent were up 8.1 per cent to 2,941,700 TEU in 2011.

Read: 2644 Times- European, Crisis, Imports, -


Rating (Votes: 0)
Add your comment(Existing: 0)  Tell friend  Print

COMMENTS ( 0 Existing)

Related Articles:







Events
July 2014
Su Mo Tu We Th Fr Sa
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31    
 

COLUMNISTS
MOST READ TODAY
Turkish ship Perge rescues 112 Libyan refugees off Tripoli- 560
Hamburg, Rotterdam face congestion charges as dwell times stretch- 384
M/V Perge successfully delivered 112 immigrants at Sicily- 378
Launch of the Maritime pilot phase of the Single Window for Foreign Trade in Togo- 348
Tanker with Northern Iraqi crude cleared to unload cargo off Texas- 322
Costa Concordia Changes Hands- 293
Maersk-MSC's 2M suffers poor reviews from CCTV documentary report- 263
Asia-South America cargo surge as average ship size rises to 6,200 TEU- 234
Extra Tonnage in Demand- 216
Raytheon to Launch ShipGuard at SMM, Hamburg- 194

E-MAGAZINE
SeaNews June
October Issue
SeaNews June
September Issue
SeaNews June
July/August Issue
SeaNews June
June Issue
SeaNews June
May Issue

News in Pictures


Model Alexandra Fotopoulou holding the 9th issue of seanews magazine at the Posidonia Shipping Fair


Hot News
EU Adopts Maritime Activities Planning Legislation
EU probes Dutch port tax scheme, warns France, Belgium and Germany
EU opens investigation into tax exemptions for Dutch ports
EU sets June 2015 deadline to open single data entry window for ships
New Two-Way Route in Great Barrier Reef and Torres Strait

 
Archive Search