17.9 C
Friday, July 3, 2020
Home Uncategorized China-US container traffic slumps

China-US container traffic slumps

Containerized exports to the U.S. from 10 major countries and regions in Asia plunged 16.3% from a year earlier to a total of 1,302,275 TEUs in December 2019, according to statistics unveiled by U.S. research company Descartes Datamyne. In the full calendar year, they diminished 2.6% to 16,416,921 TEUs.

Looking at the yearly total by origin, the statistics, compiled based on Automated Commercial Environment (ACE) and bill-of-lading (B/L) data provided by U.S. Customs and Border Protection (CPB), indicated that containers from China fell 8.5% to 9,614,389 TEUs, registering the first year-on-year contraction in 10 years, due to the trade friction with the U.S. In contrast, those from Vietnam surged 36.6% to 1,095,561 TEUs. Exports from Southeast Asia recorded a notable improvement, but were not brisk enough to make up for the declines in those from China.

As for container imports from the U.S. to 10 leading Asian economies, meanwhile, those to China plummeted 20.5% to 121,682 TEUs in November 2019. In total, container from the U.S. fell 5.7% to 458,948 TEUs.

- Advertisment - LR Sustainability Decarbonisation Digital Adverts

Latest Posts

Crew kidnapped off the coast of Benin

Five crew members including the Captain have been kidnapped from a Pacific International Lines (PIL) vessel 150 miles southwest of Cotonou Benin. The attack occurred...

Reduced costs boost STC profits

As Covid-19 continues to disrupt markets around the world, ocean carriers are reducing capacity and sailing speeds. With sailing options reduced, especially on Asia-Europe...

Foolhardy forecasts and trading places

Even as some 21 states postpone the roll back on plans to ease their lockdown regimes and the International Maritime Fund (IMF) has revised...

Shipping giants keep pushing up rates across the globe

Major shipping lines are continuing to increase rates in various regions, as part of their capacity management measures that have seen a squeeze on...

COSCO unit launches Jinzhou-Hainan service

COSCO Shipping Lines and its intra-Asia unit, Shanghai Pan Asia Shipping, have launched a service connecting Jinzhou port in China’s north-eastern Liaoning province, to...