Trans-Atlantic Trade

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.

 

 

 

 

 

Special Coverage

Bremerhaven
The U.S. ocean container trade via European ports, including transshipments, increased 3.8 percent year-over-year to 4.6 million laden 20-foot-equivalent units in the 12 months ending March 2014, according to PIERS, the data division of JOC Group.

News & Analysis

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.
The Fortunagracht, which is being employed on the Cleveland-Europe Express.
17 Apr 2014
Interest in a container and breakbulk service between Cleveland and North Europe launching this month has been fueled by erratic service at U.S. East Coast ports and unreliable service via surface transportation, according to users of the service.
DHL Boeing 757
14 Mar 2014
The world’s largest transportation and logistics company is getting larger as demand for e-commerce, time definite international express delivery and supply chain services drives up revenue and profit at Deutsche Post DHL.
From left: Walter Kemmsies, Moffatt & Nichol; Mario Moreno, JOC Group Inc.; Neil Dekker, Drewry.
04 Mar 2014
Container lines will continue to face challenging times in 2014 and 2015, but if they do not order a slew of new container ships over the next two years, the supply-demand economics in the major trade lanes will be brighter by 2016, according to an industry analyst.
03 Mar 2014
Kuehne+Nagel’s operating earnings soared 20 percent in 2013 driven by market-beating growth in air freight volumes, almost doubled contract logistics profit and increased market share on the transpacific and transatlantic container trades.

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.