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EASTBOUND trans-Pacific container shipping volumes are forecast to decline by two per cent this year, marking its first annual contraction since 2009 at the height of the global financial crisis, according to analyst Alphaliner.
In the first 10 months of 2019 the eastbound trans-Pacific trade rose just 0.02 per cent to 13.15 million TEU, reported Seatrade Maritime News, Colchester, UK.
"Latest transpacific liftings data for the month of October showed a 3.9 per cent drop, with even larger declines expected in November and December as the exceptional record volumes, recorded in the last two months of 2018, are not expected to see a repeat this year," Alphaliner said in its weekly newsletter.
In October, the US west coast ports of Los Angeles, Long Beach and Oakland recorded a combined decline of 12 per cent in volumes.
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