Westbound Trans-Pacific Trade Outlook for 2013 Unchanged

Journal of Commerce Economist Mario Moreno kept his below 4 percent growth outlook for this year’s westbound trans-Pacific container trade, as he doesn’t expect the reverse of European and U.S. fiscal imbalances in the first quarter to offset significant risks ahead for the trade lane. The trade is forecast to total 6.9 million TEUs this year, a rebound of 3.9 percent over prior year’s volumes, according to the June Container Shipping Outlook.