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Embassy Freight International LLC / Atlanta officeHEAD OFFICE
3650 Mansell Road, Suite 225
Alpharetta GA 30022 USA
Tel : +1 770 817 4400Website
3650 Mansell Road, Suite 225
Alpharetta GA 30022 USA
Tel : +1 770 817 4400Website
What does Sea freight mean?
Sea freight is the price paid by the shipper of goods to the shipping company for transport by sea. Whether or not this price also includes the loading and unloading costs and the costs... 
Japanese earthquake and tsunami to have small impact on imports
The effects of the Japanese earthquake and subsequent tsunami in early March is only expected to make a small impact on European imports over the course of the year, according to a report by Hackett Associates and the Bremen Institute of Shipping Economics and Logistics (ISL). The latest Global Port Tracker: North Europe Trade Outlook remains cautious despite the recovery seen in March being more stable than predicted.
Ben Hackett, founder of Hackett Associates, said: “With Europe importing around 500,000teu over the year, even a 30% reduction in trade from Japan throughout 2010 would result in a loss of just over 12,000teu monthly.
“Our forecast remains cautiously optimistic as we see recovery in March in both directions of trade and a continuation of growth for the remainder of the year.”
Sönke Maatsch of ISL noted that during the first month of 2011 a number of events had unfolded that had the potential to destabilise the world economy but they had not stopped the growth of world output and trade.
“The recovery seems to be much more stable than expected and even though many of the downside risks persist, a continuation of the recovery during the coming months is the most likely scenario,” he said.
Imports into Europe in February were estimated to total 1.5 million teu, a decrease of almost 25% compared to the previous month. However, these weak numbers are expected to increase dramatically over the coming months.
The Global Port Tracker monitors six North European ports: Le Havre, Antwerp, Zeebrugge, Rotterdam, Bremen/Bremerhaven and Hamburg.
It suggests that in the short term, incoming volumes, year on year, are expected to be slightly above those in 2010, although all are expected to show only single-digit increases.
Looking at the entire year, each quarter is expected to post a gain over the same quarter of 2010, with year on year gains expected in each and double-digit growth is forecast for the fourth quarter.
Exports are predicted to show a mix of growth and decreased volumes although single-digit percentage year-on-year growth is forecast in each month. (source: IFW)
