MEDIA RELEASE PR40634
PIERS Global Intelligence Reveals Shipping Undeterred by Gulf Disaster
NEWARK, N.J., July 30 /PRNewswire-AsiaNet/ --
Despite the significant environmental impacts from BP's Deepwater Horizon
disaster in the Gulf of Mexico, PIERS Global Intelligence Solutions reports
that Gulf trade levels remain fairly constant. With double-digit growth since
January 2010, monthly TEU volume in the Gulf ports dropped by 4.1 percent in
April, but then resurfaced in May with a healthy 8 percent gain from the
previous year.
(Photo: http://www.newscom.com/cgi-bin/prnh/20100729/NY43100 )
Enter now the 100th day since the disaster, inbound container shipments
in the Gulf increased a modest 2 percent to 326,112 TEUs, while outbound
shipments increased 13.1 percent or 497,927 TEUs year-to-date.
Of the three main ports closest to the explosion - New Orleans, Gulfport
and Mobile - only Mobile's traffic decreased last May. TEU volume in the
ports of New Orleans and Gulfport swelled by 27 percent and 31 percent
respectively, in May, year over year, while TEU volume at Mobile declined
27.6 percent during the same month.
The lead Gulf port remains the Port of Houston. Its year-to-date volume
of 544,585 TEUs is up 6.9 percent, handling 67 percent of containerized Gulf
traffic, but down 6 percent when assessing traffic share for the five year
period ending 2009. The port of New Orleans gained 2 percent during the past
five years and in 2009, increased 12 percent in container traffic, primarily
due to exports to Italy. The Port of Mobile's volume soared from 24,483
containers in 2005 to 87,649 containers in 2009; that is a compound annual
growth rate (CAGR) of 37.6 percent.
About PIERS Global Intelligence Solutions
PIERS is the primary source of U.S. waterborne trade information and a
leader in global trade solutions. Launched over 30 years ago by The Journal
of Commerce as the Port Import Export Reporting Service, its first venture in
electronic information, PIERS quickly became the standard reference on
container trade for the maritime industry. A roster of over 6,000 private
industry, trade association, and domestic and foreign government clients,
representing more than 40 countries, relies on PIERS to translate trade data
into meaningful intelligence that guides their global business strategies.
About UBM Global Trade - UBM Global Trade is the leading provider of
proprietary data, news, business intelligence and analytical content
supporting commercial maritime, rail, trucking, warehousing and logistics
industries worldwide. The company's portfolio of more than 100 online, print
and interactive workflow business solutions includes The Journal of Commerce,
Breakbulk, RailResource, PIERS Global Intelligence Solutions and an array of
international trade and transportation databases and directories. UBM Global
Trade, a subsidiary of United Business Media Limited, is headquartered in
Newark, NJ, with offices throughout the United States. For more information,
outside the U.S. or Canada).
SOURCE: PIERS Global Intelligence Solutions
CONTACT: Susan Kelemen,
Media Relations,
PIERS Global Intelligence Solutions,
UBM Global Trade (a United Business Media Company),
+1-973-848-7175,
skelemen@piers.com
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