US consumers propping up global container throughput

Analysts at Drewry and Moffat and Nichol have claimed that growth in US imports is propping up global container trade, which otherwise is struggling.

Walter Kemssies, chief economist at Moffat and Nichol, told the TOC Americas conference on October 13, 2015, that consumers in the US will support global growth, as Chinese growth slows.

A report from Drewry backed this up, saying: “The US consumer is doing his/her upmost to lift what can otherwise only be described as moribund growth in world container traffic.”