PACIFIC PROBLEMS GROW
Prospects for the world's largest container trade, the transpacific trade, are seen in this article as being quite gloomy for the early 1990s. Stagnation in the U.S. economy, coupled with a reduction in consumer demand, is having an adverse effect on eastbound volume, especially from northeast Asia. Because vessel capacity has nonetheless continued to grow, utilization levels have declined, putting rates under even greater downward pressure. A multiline stabilization agreement has had limited success in stemming the decline, but increased operating costs mean that most carriers' revenues are far short of covering future reinvestment in the trade. Tables accompanying the text show import and export volumes moving between North America and Asia for the period 1988-90; the growth of two-way TEU capacity, by operator, for the period 1988-1992; and annualized TEU capacity operated and service offered by North America/Far East carriers as of 1 November 1990.
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- Journal article; container trade
- Fossey, J
- Publication Date: 1990-12
- Pagination: 6 p.
- TRT Terms: Economic analysis; Trend (Statistics)
- Geographic Terms: North Pacific Region
- Old TRIS Terms: Containerized shipping; Overviews
- Subject Areas: Economics; Marine Transportation;
- Accession Number: 00661866
- Record Type: Publication
- Source Agency: Maritime Technical Information Facility
- Files: TRIS
- Created Date: Jul 21 1994 12:00AM