Mainlane Container Volumes on the Rise

first_imgzoom Mainlane container trade volumes are expected to grow by 8% on the peak leg Far East-Europe route and by 6% on the peak leg Transpacific route in full year 2014, according to London-based shipbroker Clarksons.Stricken by global financial crisis, the global container volumes plunged in 2009, trying to recover ever since.The first stronger sign of recovery emerged in the second half of 2013, Clarksons data shows, with volumes on the Far East-Europe peak leg trade rising by 8.0% in the first nine months of 2014 compared to the same period in 2013, with Northern European imports performing particularly well.Clarksons analysis shows that the Far East-Europe trade is projected to grow by a further 7.2% in 2015, to reach 16.6m TEU.On the Transpacific peak leg trade, volumes rose by 5.6% in the first nine months of 2014 compared to the same period in 2013, when the trade’s estimated full year growth was 4.2%.In addition, US imports from Asia have grown alongside an improving US economy, which the IMF expects to grow by 2.2% in full year 2014. The peak leg Transpacific trade is projected to grow at a robust rate of 6.0% in 2015 to total 15.5m TEU.As explained by Clarksons, the extra demand from the peak legs of the mainlane routes has lifted world container trade to a more robust level of growth, expected to average 6.4% in 2014-15.“In terms of elevating box volume growth back to healthier levels the mainlane recovery has been just what the container world needed,” the shipbroker said.Source: Clarksonslast_img read more

Samarasinghe to address the UNHRC on Friday

The government said that the NHRAP was approved by the Cabinet and the implementation strategy was approved in December 2011.The UPR on Sri Lanka was held last November in Geneva. During the UPR, Sri Lanka rejected 98 and accepted 111 recommendations submitted by countries at the UPR. (Colombo Gazette) In his last speech at the Council during the opening week of the 22nd session, Samarasinghe criticized the UN High Commissioner for Human Rights Navi Pillay. His comments drew flak from Germany who said it was an unfair and unjust criticism of the UN High Commissioner for Human Rights. Minister Mahinda Samarasinghe will address the UN Human Rights Council on Friday, the Minister’s office said.The Minister, who had already spoken when the Council began meeting for the 22nd session last month, will address the session for the second time when Sri Lanka’s Universal Periodic Review (UPR) report is taken to be adopted on Friday. In the UPR report to be adopted on Friday, which was initially submitted in Geneva last year, Sri Lanka elaborated on plans to achieve improvements in human rights in the context of post-conflict peace-building and reconciliation.It noted that, as a result of the 2008 Review, a National Action Plan for the Promotion and Protection of Human Rights (NHRAP), a principal pledge, has been formulated based on recommendations, accepted pledges made, recommendations of treaty bodies and special procedures. read more