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

Container carriers in the slowing US import and export trades are exercising increased discipline, maintaining capacity levels rather than introducing new vessels in an attempt to secure a larger share of the market.

News & Analysis

23 Sep 2019
The global economic slowdown and US-China trade war is putting a dent in the high-growth outlook for India’s breakbulk and project cargo trade.
20 Sep 2019
CMA CGM backs off from proposed $50 administrative fee for detention and demurrage documentation processing after swift customer pushback.
20 Sep 2019
The FMC’s recommendations stem from an 18-month effort led by Commissioner Rebecca Dye to address complaints from cargo owners and drayage drivers over what they considered unfair fees for failing to pick up cargo and return equipment in a timely manner.
20 Sep 2019
The need for speed and distribution points closer to customers is fueling growth and demand for more capacity among LTL carriers, even in a softer overall freight market.
20 Sep 2019
With holiday season imports unable to gain traction and spot rates declining for the third consecutive week, peak-season 2019 will be defined by blanked sailings rather than surging cargo volumes.
20 Sep 2019
The newly formed Getting to Zero Coalition, comprising members of the maritime, energy, infrastructure, and financial sectors, will lead commercial efforts to meet the International Maritime Organization’s goal of halving carbon emissions from shipping by 2050.

Commentary

US import tariffs on Chinese goods have dominated the headlines of late, and for good reason, but they may be distracting from other pressing matters for US-based firms engaged in international trade.

More Commentary

Video



IHS Markit Chief Economist Nariman Behravesh shares his outlook for global economic and trade growth with attendees at the 18th Annual TPM Conference at a time of growing uncertainty surrounding fiscal and trade policy.



CEO and Executive Director of the Port of Virginia John Reinhart and JOC Executive Editor Mark Szakonyi discuss the year ahead at the Port of Virginia amid growing volumes and shifting transportation landscape.



Sponsored: Port of Long Beach Executive Director Mario Cordero discusses big-ship ready improvements, in