THE latest statistics from industry analyst Container Trade Statistics (CTS) show that global transport volumes of containerised cargo grew
5.9 per cent to 13.85 million TEU in April compared with the same month a
year ago, on the back of strong growth in imports and exports across
Asia, Europe and North America.
On a sequential basis, total volumes
were down 1.3 per cent from March, but this is generally to be expected
based on historical seasonality, reports American Shipper.
Containerised exports from Far East Asia increased 4.6 per cent year
over year to 7.6 million TEU for the month, while import volumes climbed
4.8 per cent to 5.2 million TEU.
In North America, container export volumes surged 11.1 per cent to 1.4
million TEU, and imports jumped 7.1 per cent to 2.3 million TEU compared
with April 2017.
European exports increased 5.1 per cent to 2.5 million TEU, while import volumes rose 6.2 per cent to 2.8 million TEU.
Through the first four months of 2018, total international volumes have
grown 4.7 per cent to 54.24 million TEU compared with the same 2017
period, according to CTS.
The increase in international trade volumes is welcome news for ocean
carriers, which have seen container freight rates falter throughout the
early portion of 2018, leading to some disappointing financial results.
Leading carriers Maersk Line, CMA CGM and Hapag-Lloyd, as well as
smaller players like Yang Ming and ZIM, have all reported losses for
first-quarter 2018, leading analysts to speculate as to whether the
industry's return to profitability last year might have been a
short-term bounce.
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