PIERS Report Predicts Modest Import Growth, Little Improvement for NVOCCs
Imports of shipped cargo will continue to show modest growth in 2012, said the "PIERS NVOCC Market Report--Import Market Dynamics 2011 vs. 2010." But the report said NVOCC-arranged imports showed higher growth than the overall U.S. inbound ocean liner market.…
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NVOCC-arranged import volume grew 2.8 percent in 2011, while traditional carrier cargo volume grew by 2.2 percent, the report said. NVOCC-associated cargo value in 2011 increased by 1.9 percent compared to an overall containerized import cargo value increase of 1.7 percent. The remainder of 2012 is not expected to show markedly better performance for the NVOCC industry, the report said. Global growth is forecasted to be 2.5 percent-4.2 percent.