European Economy News

European Economy News

12 Feb 2013
Cargotec, a Finnish company that manufactures cargo-handling machinery, reported that net income in the fourth quarter of 2012 was 8.7 million euros (about US$11.7 million)...
06 Feb 2013
During a recent European Union General Affairs Council meeting in Brussels, Vytautas Leskevicius, Lithuania’s vice minister of foreign affairs, advocated for the implementation of the EU-Ukraine free trade agreement prior to its ratification.
31 Jan 2013
Greek bulk shipowner Capital Product Partners today reported a net loss of $35 million in the fourth quarter of 2012, dropping from a profit of $1 million in the fourth quarter of 2011.
31 Jan 2013
Finland-based lifting equipment manufacturer Konecranes reported profit in the fourth quarter of 2012 was 22.3 million euros (about US$30.3 million), dropping 2.9 percent from $31.2 million in the fourth quarter of 2011.
23 Jan 2013
German shipowners are bracing for a mass fire sale of container ships in the coming months after banks asked top shipping
An aerial view of the Port of Constanta, Romania. Courtesy of the port.
23 Jan 2013
The Port of Constanta in Romania reported container traffic through the country’s ports in 2012 was 684,059 20-foot-equivalent units, rising 3.2 percent from 662,796 TEUs in 2011.
18 Jan 2013
The economies of China, India and Vietnam are projected to grow faster in 2013 than they did in 2012, raising hopes in the maritime industry that the major east-west trade lanes serving Asia again will be engines of growth.
18 Jan 2013
The outlook for business on European trade lanes is improving, according to the Stifel Nicolaus Logistics Confidence Inde
17 Jan 2013
Greece will tax merchant ships managed by companies based in the country and sailing under foreign flags to raise revenue to reverse the nation’s debt crisis, according to Bloomberg.
Taoiseach Enda Kenny TD addressed the European Parliament on trade and other matters that will be priorities of Ireland's EU Presidency.
17 Jan 2013
Ireland, which took over the presidency of the Council of the European Union on Jan. 1, has made trade one of its top priorities, according to the European Parliament.
15 Jan 2013
The Federal Statistical Office of Germany reported that its gross domestic product shrank by 0.5 percent in the final three months of 2012, the worst quarterly performance in nearly three years, according to Reuters.
10 Jan 2013
According to provisional figures, total transshipment in the port region along the North Sea Canal in the Netherlands, including the ports of Amsterdam, Ijmuiden, Beverwijk and Zaanstad, is expected to reach 94.4 million metric tons...
10 Jan 2013
The Port of Dunkirk in France reported container traffic for the year 2012 was 260,000 20-foot-equivalent units, dropping 5 percent compared with 2011.
08 Jan 2013
Eurostat, the statistical office of the European Union, today reported that the volume of retail trade in November 2012 rose 0.2 percent compared to October 2012 in the EU’s 27 member states.
02 Jan 2013
Europe’s manufacturing sector ended 2012 in a slump, with production levels and new orders decreasing further in December as demand from domestic and export markets remains low, according to business surveyor Markit Economics.
Containers at the Port of Rotterdam.
28 Dec 2012
Throughput at the Port of Rotterdam
14 Dec 2012
Weak demand from Europe, the U.S. and Japan will dampen growth in Chinese exports in the coming months, IHS's senior economist for China says.
The European Parliament approved a series of free trade pacts with Colombia, Peru and six Central America nations.
12 Dec 2012
The European Parliament approved a series of free trade pacts with Colombia, Peru and six Central America nations.
EU-Canada flags
26 Nov 2012
The European Union said it plans to finalize a free trade agreement with Canada in the “coming weeks” that could boost annual two-way trade by more than $33 billion.
26 Nov 2012
Europe’s imports and exports are expected to decline in the next six months amid concerns that the region’s economy will contract further, according to Global Port Tracker’s North Europe Trade Outlook.
14 Nov 2012
India will be the fastest growing market for U.S. exports in the future, according to a report recently released by HSBC Commercial Banking.
Euro Zone PMI-10-18-12
18 Oct 2012
The euro zone economy contracted further at the end of the third quarter. Markit’s Eurozone Manufacturing Purchasing Mangers’ Index (PMI) was down 46.1 in September from 46.3 in August, Markit Economics reported.
Euro Unemployment Rate_10-15-12
15 Oct 2012
The unemployment rate in the 17 countries of the euro area remained flat in August for the second consecutive month, at 1
euro industrial production 10-15-12
15 Oct 2012
Seasonally adjusted industrial production in the 17 countries of the euro area inched up 0.6 percent in August, following
02 Jul 2012
The U.S. may be stuck in a period of slow growth, but its economy is not in imminent danger of sliding back into recession, an Emory University economist says.
29 Jun 2012
Kombiverkehr reported revenue of 430 million euros ($542 million) in 2011, up 11.9 percent on the previous year and just 2 million euros short of its 2008 record, as Europe’s largest multimodal
27 Jun 2012
A key U.S. trade official lashed out at the declining state of U.S.
27 Jun 2012
Overall confidence levels in the shipping industry, including the container ship market, increased in the three months ended May 2012, to reach their highest point since February 2011, according to th
22 Jun 2012
It’s easy to think of Asia’s financial health as almost decoupled from the West.
19 Jun 2012
Long-term prospects for the northern European container trades are “strong” despite short-term macro-economic uncertainty in the eurozone, according to a new report from a UK-based consult
18 Jun 2012
The fate of the U.S.
11 Jun 2012
The International Air Transport Association maintained its $3 billion global airline profit forecast for 2012 as oil prices fall, passenger traffic grows faster than expected and the cargo market bott
24 May 2012
Germany’s Deutsche Post said it expects profits to increase by 1 billion euros ($1.25 billion) a year by 2015, driven by strong growth across its DHL transport and logistics businesses and stabi
21 May 2012
Ocean carriers are walking a tightrope in the Asia-Europe trades as they prepare to raise freight rates for the fourth time this year in a bid to maximize profits during the peak shipping season.
05 Dec 2011
Panalpina launched two direct less-than-container load services between Taiwan and South Korea and Poland, as part of the Swiss logistics company’s long-term strategy to grow business on key