Global trades have continued to display promising signs in June, indicating that ocean carriers are starting to capitalise on a rise in demand for containerised cargo. The latest CTS aggregated volume data survey shows that, overall, global containerised exports in June grew by 2.84% to 10,900,100 TEU year-on-year, in what also appears to be the highest global total for June in the past 2 years. Given the tone of general improvement in this latest CTS dataset, ocean carriers may feel rather entitled to believe that the current momentum may strengthen further into the third quarter and the crucial summer peak season. Total exports from Asia (including Intra-Asia) to all overseas markets monitored by CTS went up 3.99% to 6,151,800 TEU compared to June last year, although they were down 5.5% from last month. Similar to last month, containerised shipments from Asia to all six destinations monitored by CTS displayed uninterrupted growth year-on-year, particularly to the Indian Sub-Continent/Middle East and Europe. In the opposite direction, containerised imports into Asia (including Intra-Asia) from all overseas markets fell substantially from last month down by 5.83% to 3,807,100 TEU, and were even lower than last June by 3.47%. This represents the sixth consecutive year-on-year drop since January. In the South and Central American trades, there was little change in the positive momentum of the prevailing trading conditions. Total exports from South and Central America (including Intra-South and Central America) maintained their surge again based on an annual comparison, this time increasing by 7.20% to 557,000 TEU. For the second quarter, it represents a 5.94% increase in volumes over the same period of last year. Equally, trading conditions in the opposite direction maintained the positive momentum for 2 months running. Total imports into South and Central America (including Intra-South and Central America) continued to rise in June this time by 3.01% to 777,700 TEU compared to a year ago, offering some promising signs to counteract the substantial capacity increases afflicted on this trade lane so far. The CTS Global Price Index, however, failed to reflect this positive change in the global trade volumes pertaining to chronic overcapacity problems which continue to plague the industry. The index dropped for a fifth consecutive month this time losing another 1 point to 86.
Posted on: Tue, 13 Aug 2013 06:38:29 +0000
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