News
Containerized cargo volumes between Japan and China climbed 5.1% on year to 2,795 million tons in May, representing an increase for three consecutive months, according to the Japan Maritime Center (JMC).
Japan exported 943,433 tons of containerized shipments to China, which decreased very minutely from a year earlier and registered the first year-on-year contraction in seven months. On a value scale, on the other hand, exports from Japan to China were valued at \610.9 billion, which soared 23.6% and enjoyed a year-on-year improvement for the seventh consecutive month.
Meanwhile, Japan imported 1,951,650 TEUs from China in the month in question, which rose 7.7% and marked a year-on-year increase for three months in a row. In terms of value, they increased for the first time in two months, swelling 8.9% to $1.069 trillion.
According to indices unveiled by Drewry Shipping Consultants Ltd., freight rates from Yokohama to Shanghai were US$370 per TEU, which went down 7.5% and suffered the first year-on-year decline in 13 months. In contrast, those from Shanghai to Yokohama were $650 per TEU, which climbed 10.2% and recorded a year-on-year inflation for five straight months.
