News
Global trades have continued to grow in May raising hopes that a sustainable containerized volume recovery could finally drag the industry out of the current downturn, according to statistics from U.K.'s Container Trades Statistics (CTS).
The latest CTS aggregated volume data survey shows that, overall, global containerized exports in May grew by 2.05% to 11,305,800 TEUs year-on-year, in what also appears to be the highest global total for May in the past 2 years. Given the tone of general improvement in this latest CTS dataset, ocean carriers may feel entitled to believe that containerized volumes are gradually getting back on the track to recovery, especially as the industry is moving into the crucial summer peak season, CTS said.
Total exports from Asia (including Intra-Asia) to all overseas markets monitored by CTS went up 6.12% to 6,488,500 TEUs from last month, and were also higher by 2.19% compared to May 2012. Similar to last month, containerized shipments from Asia to all six destinations monitored by CTS displayed growth, particularly to Indian Subcontinent / Middle East and South and Central America.
