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Containerized Ocean Trade Recovery Seen in Trans-Pacific, PIERS Global Intelligence Solutions Economist Analyzes Forecast in The Journal of Commerce
Monday, March 1, 2010
(NEWARK, N.J.) - Growing Trans-Pacific trade is leading the way toward long-awaited recovery in containerized ocean shipping, PIERS Global Intelligence Solutions wrote in a forecast for 2010 published in the March 1 edition of The Journal of Commerce.
PIERS economist Mario O. Moreno, in a report on the cover of The Journal of Commerce, projects total U.S. containerized ocean imports will grow 9.1 percent this year after a steep decline in 2009. The forecast projects containerized imports on the Trans-Pacific trade lanes will grow 12.1 percent in 2010.
Coinciding with The Journal of Commerce's 10th Annual Trans-Pacific Maritime Conference, the analysis is matched with an exhaustive Special Report on the trans-Pacific market, utilizing exclusive PIERS data that delves into performance of ports and carriers engaged in the market, and will examine shipper-carrier relationships, West Coast port expansion and the ever-controversial U.S.-China relationship.
To view daily news visit www.joc.com.
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