Europe: Freight demand tumbles as recession bites

Episode 2 January 25, 2023 00:50:09
Europe: Freight demand tumbles as recession bites
The Loadstar
Europe: Freight demand tumbles as recession bites

Jan 25 2023 | 00:50:09

/

Show Notes

This episode focuses on Europe where war, Covid, inflation and a cost-of-living crisis are taking a heavy toll on economic growth and the outlook for international trade.

Nomura now expects western Europe’s real GDP to contract by 0.4% this year. In Germany and Britain, the two large economies most affected by current economic headwinds, real GDP is expected to contract by 0.8% and 0.7%, respectively. Meanwhile, consumer prices in western Europe rose 8.5% last year and are expected to increase a further 5.9% this year.

However, despite the many challenges facing Europe, host Mike King hears there is cause for optimism as he talks to senior executives at two of the continent’s leading ports and the Loadstar’s Mike Wackett.

 

Guests:

Doug Bannister, CEO, Port of Dover

Axel Mattern, chief executive, Port of Hamburg Marketing

Mike Wackett, sea freight correspondent, The Loadstar

 

Episode in more detail:

A challenging year at Germany’s biggest port (4.27)

Covid demand to recession – learning lessons (6.18)

Clearing away congestion (12.50)

China to the rescue? (15.44)

Ocean and air freight rates update (22.18)

Trans-Atlantic bonanza (27.55)

UK port update (29.15)

The density of UK-EU trade via Dover (32.25)

The Brexit challenge (41.15)

 

Credits: Created, produced and hosted by Mike King

 

The Loadstar podcast www.theloadstar.com

Other Episodes

Episode

July 01, 2024 00:10:42
Episode Cover

News in Brief Podcast | Week 27 2024 | A bustling ocean freight market, acquisition and bankruptcy

In this episode of The Loadstar’s News in Brief Podcast, host and news reporter Charlotte Goldstone recaps last week’s supply chain news and offers...

Listen

Episode 12

September 29, 2022 00:47:31
Episode Cover

Freight rate ‘normalisation’; partnering on decarbonisation; M&A activity as demand slows

In Part 1, Mike King and guests explore freight technology take-up and the latest M&A activity. They also ask if we are now seeing...

Listen

Episode

December 16, 2021 01:05:06
Episode Cover

2021 Winners and Losers and the challenges ahead

Credits: Created, Produced and Hosted by Mike King Our end-of-year special examines the biggest stories of 2021 and the narratives that have found traction...

Listen