EUROPE

2008 box trade to grow by 8%

19 years ago

UK analyst, Clarksons Research Services, expects world container traffic will grow by 8% this year in tandem with a 12% rise in handling capacity.

Port Strategy: Box volumes to continue to grow this year

The researcher added that the container shipping market is expected to continue growing beyond 2008, although more slowly than in recent years.

In a regional breakdown, the Chinese market, while continuing to grow, will do so at a reduced pace, and the Asia-North American market is also being adversely affected by a slowdown in the US economy. However, the Asia-Europe market is expected to remain strong.