Proceedings of the ISL Maritime Conference 2008- 9 th and 10 th of December, World Trade Center Bremen
Edited By Burkhard Lemper and Manfred Zachcial
3 Session I – World Economy, Trade and Shipping
Chairman: Prof. Dr. Hercules Haralambides, Center for Maritime Economics and Logistics (MEL), Erasmus University Rotterdam 3.1 Globalisation and Container Shipping Demand – Consequences of the Financial Crisis Prof. Dr. Burkhard Lemper, Institute of Shipping Economics and Logistics (ISL) 3.1.1 Introduction Over the past decades, the container shipping industry experienced a virtually unbroken boom. The realised growth rates were much higher than those of all other large sectors in merchant shipping. While dry and liquid bulk commodities as well as most of all remaining commodity groups on average grew by around 3 % p.a., container trade according to figures of research affiliates of large and well known ship broking companies grew by almost 10 % p.a. over a period of more than 20 years.1 1 See e.g. Clarksons Research Services (2008), p. 101 See e.g. Fearnresearch (2008) Fig. 1: Development of Main Cargo Categories in Seaborne Trade 14 Burkhard Lemper During this time, the average growth rates of container handling in ports exceeded 10 % p.a. and especially the years since 2003 showed growth rates higher-than-average. For 2007, ISL estimates that about 491 million standard containers (TEU=20´ equivalent unit) were handled in ports worldwide. This does not mean traffic with full containers of the same amount as shares for transshipment, empty containers and the double counting of loading/discharging have to be deducted. However, global containerised trade is likely to have reached the volume of more that 140 million TEU of full containers. This steep growth has, at least for a certain...
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