Drewry: Asia to Southern Africa Market in Decline?

Although the southbound trade is expected to experience growth in 2017, container volumes from Asia to Southern Africa fell by 13% in the first quarter, Drewry’s Container Trade Statistics (CTS) show.

Drewry said that the latest numbers “are surprising,” as the trade was expected to start recovering from its low base of 2016 on the back of South Africa’s improving economic outlook and a strengthening currency.

“We are sceptical about CTS’ data as other sources suggest that trade between the two regions has been marginally stronger thus far in 2017, while the trend for rising spot rates also contradicts a declining trade story,” the shipping consultancy said.

Additionally, CTS’s figures include steep dives from North Asia (-37%) and Southeast Asia (-30%) that stand-out against a small increase from Greater China (+1.4%).

“The latest trade statistics look suspiciously low, and we retain our assessment that the southbound trade will show some minor growth in 2017,” Drewry said.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Mar 2019 >>
MTWTFSS
25 26 27 28 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

LNG2019

LNG2019 features the largest number and highest level of LNG industry leaders.

read more >

Singapore Maritime Week (SMW) 2019

very year, SMW gathers the international maritime community for a week of flagship conferences…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >