Alphaliner: 2019 Box Throughput Growth Projections Slashed

ContainershipIllustration. Source: Pixabay under CC0 Creative Commons license

Alphaliner has reduced its global container throughput growth estimate for 2019 from 3.6% to 2.5% due to weakening volumes in the year’s first quarter.

The full-year projections for container volume growth were also affected by the expected decline in transpacific volumes as a result of an escalating US – China trade war.

“Despite the uncertainties over the global trade environment, container volumes are still expected to achieve positive growth in 2019 – albeit at a much lower rate than in the previous two years when overall throughput increased by 6.7% in 2017 and 5.2% in 2018,” Alphaliner said.

According to a sample of more than 250 ports, compiled by Alphaliner, first quarter volume growth only reached 2.8% globally. It has slowed down from 6.6% in the same quarter of last year and from 4.7% in the fourth quarter of 2018.

In addition, the rate of growth is unevenly spread between regions. Several emerging markets have posted negative cargo volume growth and thus pulled down the global growth rate.

Three regions recorded volume declines, with Middle East port volumes falling by 10.1%, while Africa and Oceania volumes fell by 4.4% and 1.1% respectively.

Among the gainers, both Chinese and American ports reported healthy cargo increases in the first quarter of the year and volumes increased despite the ongoing trade tensions between the two countries. Chinese ports (including Hong Kong) posted a 4.2% gain in the first quarter, with Shanghai growing 7%, while Guangzhou, Qingdao and Xiamen reported gains of over 8%.

“The escalation of the trade war between China and the US is expected to bring down container volume growth rates in both countries over the coming quarters. The OCEAN Alliance carriers have already announced two void transpacific sailings in June in anticipation of the drop in volumes, with more carriers expected to follow suit as transpacific spot rates on the US West Coast route have already fallen by 15% in the last two weeks,” according to Alphaliner.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 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 1 2 3 4 5

Offshore Energy Exhibition and Conference (OEEC) 2020

The three-day event includes an exhibition where an expected 600+ supply chain companies…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >