News
Eastbound containers from Asia's 18 countries and territories to the U.S. surged 25.1% from a year earlier to 913,000 TEUs in February 2010, while westbound box traffic from the U.S. to Asia for the month also rose 21.0% on year to 488,000 TEUs, according to the Japan Maritime Center (JMC) which compiles statistics on the Asia/U.S. container trade provided by the Journal of Commerce's Port Import Export Reporting Service (PIERS).
On the eastbound trade, exports from China increased 27.6% from a year ago to 578,000 TEUs in February. Shipments from Hong Kong jumped 50% year on year to 42,000 TEUs, achieving the first increase in three years. Combined volume out of China and Hong Kong accounted for an overwhelming share of 67.9%.
Containerized cargo from Japan to the U.S. climbed 14.9% on year to 47,000 TEUs, registering the first double-digit increase in 45 months. Exports from South Korea made a notable 31.2% increase to 45,000 TEUs, while those from Taiwan amounted to 37,000 TEUs, up 28% year on year, the second straight month of double-digit growth.
