Total 59 Posts
Global port volumes for May have been adjusted upwards due to stronger than expected performances in China and the US. Latest projections for May show a 3.7% month on month rebound compared to April, and a year on year drop of just -0.7% compared to May 2021.
Chinese container port volumes rebounded sharply in May, recovering by 7.1% compared to the weak April numbers and a 3.9% gain year on year.
Global port congestion increased to 12.4% as at 19 June 2022, with congestion picking up again in Chinese ports especially around Ningbo, Shanghai and Qingdao.
Global port congestion dropped from 13.1% to 11.1% in the past week, due mainly to the fall in Chinese port congestion.
The top 3 ports in the world all reported improved throughput volumes in May, with Shanghai retaining the top spot at 3.4m teu last month for a 10.3% MoM rebound.
Global port volumes are expected to rebound by 1.5% in May compared to April..... Despite the encouraging rebound, overall volumes in May remain 2.8% lower compared to the same period last year.
Mexico has been a key beneficiary of the container traffic boom in the last 2 years where Mexican ports have enjoyed a significant spillover of North American cargo demand
What may have gone unnoticed by the market is the outperformance of port throughput in China relative to the other Asian cargo origins. Shanghai lockdown has many expected a drop in volume out of China ...
Chinese port volumes were surprisingly resilient in April, with overall container volumes dropping by just 0.2% YoY last month despite the extended lockdowns in Shanghai that brought down the main Chinese port’s throughput by 17.0% YoY.
Container handling volumes at the port of Shenzhen rebounded sharply in April to reach 2.61m teu, for a 18% gain compared to March and 44% against February’s numbers.