Global container volumes up 6.9%

DP World introduces intelligent container storage system
Illustrative picture. PHOTO CREDIT: VPO Global

 

Global container volumes were up 6.9% in September compared to 2019 based on data released by Container Trade Statistics (CTS).

According to CTS, lines moved 14.72 million TEU globally in September this year, compared to 13.76 million TEU in the same month in 2019.

The volume moved in September 2020 represents a slight fall off from a peak of 14.82 million TEU of import and export boxes in July this year, as trade surged following COCID-19 lockdowns across large swathes of the world in the second quarter.

In August the global import and export container volume reported by CTS was 14.8 million TEU.

CTS’ global price index also surged to 73 points in September 2020, compared to 70 in August, although lower than the year high of 74 in April. By comparison the global price index stood at 66 points in September 2019.

The volumes reported by CTS mirror activity in the market from container lines where services on the transpacific have been reinstated in Q3 following large scale blank sailings in the Q2 to manage capacity.

Import volumes of into North America surged to 3.02 million TEU in September 2020, a huge increase of 23.4% compared to 2.45 million TEU in the same month in 2019.

For Europe, import volumes in September saw a much smaller increase year-on-year of 4.1% with 2.82 million TEU in imports in September 2020 compared to 2.7 million TEU in the same month in 2019.



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