News
American research company Descartes DataMyne recently unveiled that container exports to the U.S. from 10 Asian economies surged 13.7% from a year earlier to 1,606,114 TEUs in October, marking a year-on-year improvement for 20 months in a row. In the first 10 months, a total of 13,859,551 TEUs were trade on the route, up 7.1%. New records were set for both the month of October and the January-October term.
Looking at container movement in October by origin, Descartes DataMyne’s report, which was compiled with Automated Commercial Environment (ACE) and bill of lading (B/L) data provided by the U.S. Customs and Boarder Protection (CBP), indicated that containers from China enjoyed the largest share of the total, soaring 13.9% to 1,014,308 TEUs. They were followed by those from South Korea, which jumped 30.2% to 179,642 TEUs. Coming in third, containers from Taiwan zoomed 19.1% to 82,209 TEUs. The fourth largest source was Vietnam, which shipped 81,093 TEUs, up 23.9%. Those from Hong Kong managed to rank fifth place, but quantitatively, they fell 9.7% to 64,027 TEUs.
Shipments from Japan decreased 5.9% to 42,147 TEUs, finishing in eighth place. Including transshipment (T/S) containers, however, they grew 2.1% to 54,061 TEU. Exports from Japan that were transshipped in South Korea swelled a notable 69% to 10,502 TEUs.
By carrier, Ocean Network Express (ONE) was responsible for 239,799 TEUs, up 3.2%, accounting for the largest part of the pie. In second place, Evergreen Line handled 168,429 TEUs, up 22.7%. Finishing in third place, China Ocean Shipping (Group) Co. (COSCO) moved 146,572 TEUs, down 4.1%. Containers moved by CMA CGM of France climbed 20% to 150,080 TEUs.
