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Transpacific sea trade shines as volumes rise for 2nd month in row in July
TRANSPACIFIC trade is continuing to perform well after recording double-digit growth for the second straight month in July.
Imports from Asia surged 12.2 per cent in July year on year to 1.6 million TEU, as west coast ports won back traffic from east coast rivals and recovered cargo lost during the Pacific docker slowdown that ended in February.
With service levels gradually returning to normal at ports on the Pacific coast and sustained growth in the US economy helping to add weight to the American consumer's purse, imports from Asia have risen steadily since April, and in July it was the biggest leap yet, reported Lloyd's Loading List.
According to Container Trades Statistics year-to-date container volumes are 8.4 per cent higher than 2014 levels at 9.7 million TEU.
Asian imports to US west coast ports rose 11.2 per cent to 713,004 TEU in July, and by nine per cent at Canadian ports in the northwest to 164,678 TEU, helping the Pacific ports increase their share of the transpacific trade to 55.2 per cent.
US east and Gulf coast ports handled 623,872 TEU, up 13.2 per cent over last year, representing a 39.3 per cent share of overall traffic.
But global volumes in July declined for the first time in four months with the major Asia-Europe trade recording a decline of 7.1 per cent in container traffic.
According to CTS, global volumes carried by shipping lines were down 0.4 per cent to 12 million TEU in July. Yet during the first seven months of the year, box volumes were up 0.8 per cent from 80 million TEU to 80.6 million TEU.
Imports from Asia surged 12.2 per cent in July year on year to 1.6 million TEU, as west coast ports won back traffic from east coast rivals and recovered cargo lost during the Pacific docker slowdown that ended in February.
With service levels gradually returning to normal at ports on the Pacific coast and sustained growth in the US economy helping to add weight to the American consumer's purse, imports from Asia have risen steadily since April, and in July it was the biggest leap yet, reported Lloyd's Loading List.
According to Container Trades Statistics year-to-date container volumes are 8.4 per cent higher than 2014 levels at 9.7 million TEU.
Asian imports to US west coast ports rose 11.2 per cent to 713,004 TEU in July, and by nine per cent at Canadian ports in the northwest to 164,678 TEU, helping the Pacific ports increase their share of the transpacific trade to 55.2 per cent.
US east and Gulf coast ports handled 623,872 TEU, up 13.2 per cent over last year, representing a 39.3 per cent share of overall traffic.
But global volumes in July declined for the first time in four months with the major Asia-Europe trade recording a decline of 7.1 per cent in container traffic.
According to CTS, global volumes carried by shipping lines were down 0.4 per cent to 12 million TEU in July. Yet during the first seven months of the year, box volumes were up 0.8 per cent from 80 million TEU to 80.6 million TEU.
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