News
According to the latest report from the Baltic and International Maritime Council (BIMCO), based on Container Trade Statistics (CTS), head-haul and regional export volumes in September were down 9.3% year on year. Head-haul trades fell 15.5% whereas regional trades were down 0.7%. At the same time, volumes were 0.2% lower than in September 2019. The volume decline represented the first month since June 2020 to see lower volumes compared with the same month in 2019 and could be a warning that laid-up ships and further freight rate reductions are on the horizon.
Head-haul and regional trade volumes were lower than in 2021 into all import regions except the Far East. Remarkably, volumes into North America saw the greatest loss of 20.6%. Those into Europe plunged 17%.Transpacific eastbound volumes fell 24.5%. In 2021, September volumes were up 27.4% on 2019 but are now 3.8% lower.
