Trade volumes on course for record
Container volume growth continues apace with loaded shipments on course to break 200 million teu in 2017.
In Drewry’s last Container Forecaster, published in October, we predicted that world loaded container traffic (i.e total port throughput minus transhipment and empties, divided in two to account for double-counting) would this year break the 200 million teu threshold for the first time ever.
Recent port and trade statistics, released after the publication of the report, confirm that outcome as a certainty and even suggest that we will need to raise the outlook slightly for the next issue due at the end of the year.
The Drewry Global Container Port Throughput Index shows no sign of slowing down, with the latest reading for September being nearly 10 points above the same month in 2016. Ignoring the monthly fluctuations, the trend has been relentlessly positive in 2017, following on from a more muted growth pattern last year.
The index figures for September reveal that growth has been widespread with all regions showing year-on-year improvement. The fastest growing regions were North America (+12.6%), Latin America (+11.1%) and China (10.3%); the slowest was Europe (4.4%).