Container Trades Statistics (CTS)

Atlantic capacity cuts and volumes push up rates

Uncertainty is affecting the Atlantic trade as the election rhetoric ramps up, and we approach the deadline for employers and US East Coast dockers to reach a contract agreement.

Rates on the Atlantic have fluctuated over this year as shippers seek to avoid the worst effects of the Red Sea diversion, which has seen capacity redeployed from the Atlantic to both the Pacific and Asia/Europe trades.

The effects of the Red Sea diversions on the Atlantic trade were seen immediately with rates from the...

https://container-news.com/atlantic-capacity-cuts-and-volumes-push-up-rates/

Asia to Europe container exports surge to 16.5 million TEUs in 2023

According to data compiled by the Japan Maritime Center (JMC) using information from Container Trades Statistics (CTS), container exports from Asia to Europe reached 16.58 million TEUs in 2023.

The Japan International Freight Forwarders Association (JIFFA) stated that this marked a 7.8% increase from the previous year and brought the figures back to pre-pandemic levels seen in 2019.

By origin, containers from China swelled 9.5% to 12.5 million TEUs, leading the overall outbound container...

https://container-news.com/asia-to-europe-container-exports-surge-to-16-5-million-teus-in-2023/

Only slowing demand will sort Asian container backlog

Ports on both sides of the Pacific will not see relief from the congestion that is currently blighting the facilities until there is a slow-down in trade volumes, according to the forwarder Worldwide Logistics.

Asian ports are running out of space and equipment as a backlog of cargo, some two-three weeks long is blighting the ports in China and Southeast Asia, with Jon Monroe from Worldwide saying that the ports are “Too far behind” to catch up until demand for cargo falls.

“I have heard of...

https://container-news.com/only-slowing-demand-will-sort-asian-container-backlog/