News
Westbound containers from Asia to Europe increased 17.67% from a year earlier to 1,303,500 TEUs in January 2011, according to Container Trade Statistics, Ltd.
Behind the double-digit improvement, there were last-minute shipments from China as Chinese New Year fell on Feb. 3 this year, said the U.K. company.
Eastbound shipments from Europe to Asia were also favorable, rising 6.19% to 442,900 TEUs.
However, the freight rate index for the westbound trade (the average of 2008 rates: 100 points) was 96 points, meaning it failed to reach its 2008 level for the second consecutive month.
Looking at container movements on other trunk routes to and from Europe, 231,000 TEUs were traded from Europe to North America, which represented a year-on-year growth of 7.34%, said Container Trade Statistics.
On the trans-Atlantic trade from North America to Europe, 224,900 TEUs were moved, which climbed 6.29%.
On the trade between Europe and the Indian Subcontinent/the Middle East, 205,900 TEUs were shipped from Europe, up 6.52%, and 160,500 TEUs to Europe, up 21.78%.
The overall volume of containerized shipments transported to and from Europe (including those handled on the intra-Europe trade) was 1,242,500 TEUs, marking a double-digit rise of 11.52%
Containers destined to Europe accounted for 1,981,100 TEUs, which also made a double-digit improvement, going up 15.96%.
