Trans-Atlantic Trade

Once the United States' dominant international corridor, the centuries-old trade between Europe and North America has stagnated in recent years as recessions struck both continents and as Asia increased its manufacturing prowess. But while analysts would classify the trade as "mature," with little upside or downside, it's also stable, meaning carriers and shippers can plan their strategies without fear of the severe volatility seen in other east-west trades such as the trans-Pacific and Asia-Europe. For many in the trade, anticipation in recent years has centered around preparations for the onslaught of large mega-ships that will begin to pour through the Panama Canal when its decade-long expansion project is complete in 2015. Suddenly, those big ships are arriving early — but from an entirely different direction: through the Suez Canal from Asia. Driving the trend is the introduction of new 10,000-plus-TEU vessels on the Asia-Europe trade, cascading the 8,000-TEU ships that previously plied that trade to the trans-Pacific and, now, through the Suez Canal as carriers seek the economies of scale that they can’t find on the 5,000-TEU ships that are the largest that can transit the Panama Canal.

 

 

 

 

 

News & Analysis

03 Aug 2016
XPO's North American LTL operations, the former Con-way, led the company's drive to its first quarterly net profit.
10 Jun 2015
Cargo theft more than doubled in the United Kingdom in the first quarter and rose 17 percent in the Netherlands, Europe's biggest container hub, according to data released by the Transported Asset Protection Association. The problem, however, is global.
05 Feb 2015
U.S. trade moving on container ships directly via European ports, including transshipments, increased 2.1 percent year-over-year to 4.6 million 20-foot-equivalent units in the 12 months ending September 2014, according to PIERS, the data division of JOC Group.
Maersk in Rotterdam
02 Feb 2015
When the Maersk Kotka called at Charleston and Savannah on Jan. 30 and 31 on a Europe-U.S. Gulf-Mexico-U.S. South Atlantic rotation, there was nothing unusual about the service, but for one big thing: It marked the first call at those ports by a ship on the revamped trans-Atlantic TA3 service jointly operated by Maersk Line and Mediterranean Shipping Co. in the new 2M Alliance.
06 Jan 2015
Irish steak is back on the U.S. menu as the U.S. begins to lift a 15-year ban on beef imports from the European Union. U.S. containerized beef imports are rising quickly, surpassing 40 percent in most of 2014.
Weekly wrap-up for Aug. 30, 2014
30 Aug 2014
Members of the International Longshore and Warehouse Union ratified a new collective bargaining agreement with grain handlers in the Pacific Northwest, ending a two-year battle between the two parties.

Commentary

As cargo delays at the Port of New York and New Jersey enter their third month, customers are wondering: When will this end? Terminal operators say they expect things to settle down soon after Labor Day. That’s small comfort to port users dreading another month of expensive delays.