Container Shipping updates
BIMCO has issued report including updates from Container Shipping. According to BIMCO the future has already arrived, with slow steaming seen everywhere
Traffic on the US West Coast took a hit, partly due to seasonality this October, with none of the ports reaching the inbound loaded trade numbers seen last month. The government shutdown in October and the related political uncertainties left US consumer confidence groggy, which affected private demand significantly in the short term. The same pattern appears when comparisons are made with the same month last year. All ports, except Long Beach, reported less traffic in October 2013 than October 2012. On a broader perspective, the accumulated year-on-year growth rate was also reduced, but remains at a positive 1.6%.
In outbound containerised exports, we see an identical slow trend. Whereas the amount of traffic was higher than September, it is still almost 1% lower when compared to October 2012. The accumulated year-on-year growth rate which, for the first time since February last month climbed above the no-growth line, now stands just below that.
BIMCO concludes that China the future has already arrived, with slow steaming seen everywhere . Read full analysis and relevant diagrams at BIMCO websitehere