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7/31/12

Eurozone: Global Port Tracker report calls for significant 2012 export and import declines - by Jeff Berman

The ongoing economic malaise in Eurozone nations is not likely to see any meaningful signs of improvement in the near future. That was the main message in the most recent edition of the Global Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.

Ports surveyed in this report include the six major container reports in North Europe: le Havre, Antwerp, Zeebrugge, Rotterdam, Bremen/Bremerhaven, and Hamburg.

“Trade volumes remain on the decline,” said Ben Hackett, president of Hackett Associates, in a statement. “North European import growth rates are sliding towards flat to negative territory and exports have been flat for some months. The latest news from the industrial heartland of Germany suggests that we shall see exports declining in the coming six months.”

Read more: Global Port Tracker report calls for significant 2012 export and import declines - Article from Logistics Management

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