News
Containerized shipments exported from all overseas ports in November 2012 fell by another 3.6% compared to October, down to 10,093,700TEU, or 4.32% compared to the same month in 2011, according to U.K.'s Container Trades Statistics (CTS) data.
This took the total decline since May's high of 11,194,200 TEUs up to 9.8%, which is worse than it looks as the period is usually peak season. The decline means that global cargo growth is now unlikely in 2012, contrary to the many forecasts made at the beginning of the year of between 5% and 8% growth.
Exports from Asia to all overseas markets fell by 4.02% compared to October, down to 3,475,200 TEUs, or 5.79% compared to the same month in 2011.
Shipments to North America fell by 9.65%, down to 1,128,600 TEUs, a 14.59% decline compared to November 2011. And exports from Asia to Europe fell by another 3.38%, down to 1,007,400 TEUs, or 5.85% compared to the same period in 2011. This was only partly compensated by rises in some smaller markets, most notably a 7.42% increase in cargo shipped out of Asia to the Indian Subcontinent and Middle East compared to October, up to 593,800 TEUs, or 7.26% over the same period of 2011.
Asian imports failed to come to the rescue, with the region's total purchases in November falling by 2.26% compared to October, or 5.46% compared to the same period of 2011. European imports from North America fell by 6.38%, down to 756,300 TEUs, or 4.23% compared to the same month in 2011, which was only partly compensated by a 1.98% increase in exports from Europe, up to 567,600TEU, representing a 4.42% increase compared to November 2011.
