The Japanese earthquake and tsunami will have only a small impact on European imports over the next year according to the Global Port Tracker: North Europe Trade Outlook’s latest European trade forecast, released Tuesday by Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.
“With Europe importing around 500,000 20-foot equivalent units over the year, even a 30 percent reduction in trade from Japan throughout 2010 would result in a loss of just over 12,000 TEUs monthly,” Hackett said. “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.” Read more!
“With Europe importing around 500,000 20-foot equivalent units over the year, even a 30 percent reduction in trade from Japan throughout 2010 would result in a loss of just over 12,000 TEUs monthly,” Hackett said. “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.” Read more!
