9.9 C
Sunday, April 14, 2024
Home News Asia to Europe container traffic slumps

Asia to Europe container traffic slumps

Outbound containers from Asia to Europe decreased 3.4% to 1,351,627 TEUs in September, registering the first year-on-year shrinkage in seven months, according to a report unveiled by the Japan Maritime Center (JMC). Inbound containers from Europe to Asia, in contrast, increased 8.8% to 664,437 TEUs, swelling from a year earlier for nine months running.

In the first nine months (January-September), Asia exported a total of 12,622,534 TEUs from Europe, up 3.7%, while imports from Europe to Asia rose 7.5% to 6,051,505 TEUs in total.

Looking at containers moved from Asia to Europe in September by region of origin, the JMC report, compiled with statistics provided by Container Trades Statistics, Ltd. (CTS) of the U.K., indicated that those from Northeast Asia plunged 10% to 153,369 TEUs. Combined exports from China and Hong Kong were also weak, declining 3.1% to 992,311 TEUs in total. On the other hand, those from Southeast Asia were not, growing a minute 0.6% to 205,930 TEUs. By destination, meanwhile, exports to Northern Europe went down 3.8% to 874,327 TEUs; to the western Mediterranean, down 7.5% to 224,889 TEUs and to the eastern Mediterranean, down 1.9% to 252,411 TEUs.

As for containers carried from Europe to Asia, meanwhile, those from Northern Europe surged 10.5% to 464,919 TEUs in September. Those from the western and eastern Mediterranean both increased, going up 1% to 100,447 TEUs and 9.4% to 99,071 TEUs, respectively. By destination, imports to Northeast Asia were sluggish, sinking 3.2% to 127,393 TEUs. In contrast, those to China and Hong Kong enjoyed a double-digit rise of 15.9% to total 367,564 TEUs. Containers to Southeast Asia were also brisk, climbing 4.6% to 169,442 TEUs.

Latest Posts

NYK pioneers truck-to-ship fuel ammonia bunkering

At the Sea Japan 2024 event, NYK announced its plans to supply fuel ammonia at the end of May to an upcoming NYK-owned ammonia-fueled...

Vitesco Technologies and DHL form strategic partnership

Vitesco Technologies established a strategic partnership with DHL Supply Chain, where DHL serves as the Lead Logistics Partner (LLP). Commencing in March, DHL will centrally...

Gebrüder Weiss establishes central IT and logistics hub near Austria’s freight terminal

Gebrüder Weiss, a globally operating full-service logistics provider, is setting up a central location for IT and logistics near Wolfurt's freight terminal, ensuring the...

Maersk restructures Europe-West Africa service network

Danish ocean carrier Maersk has announced changes in its Europe-West Africa service network, which will take effect from the 17th week of the year. The...

Carriers spot bargaining room for India-Middle East cargo as Red Sea gains fade

India-Persian Gulf trades seem to be a glaring exception for container lines, as they are rapidly losing the pricing steam they have had from...