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Japanese box trade expected to shrink more, says Nippon Express unit
NITTSU Research Institute and Consulting's (NRIC) survey shows eight leading Japanese ports, traffic will drop for the second straight year, falling 1.3 per cent to 11.86 million TEU.
The survey covers the ports of Tokyo, Yokohama, Nagoya, Osaka, Kobe, Shimizu, Yokkaichi and Hakata, which account for 90 per cent of Japan's foreign container trade.
Tokyo-based NRIC is a unit of Nippon Express, Japan's largest international freight forwarder, also known in the country as Nittsu, reports IHS Maritime 360.
Loaded container cargo exports from the eight ports will edge down 0.3 per cent year on year to 4.91 million TEU, while imports will decline 2.1 per cent to 6.95 million TEU, the institute predicts.
NRIC's bearish outlook comes as exports slip amid an economic slowdown in China and other emerging markets. Imports are also sluggish due to a delayed recovery in domestic consumption after a sales tax hike in 2014.
In fiscal 2014, international container traffic at the eight major Japanese ports dropped 1.1 per cent year on year to 12.02 million TEU. Exports gained one per cent to 4.92 million TEU, while imports fell 2.6 per cent to 7.1 million TEU.
The survey covers the ports of Tokyo, Yokohama, Nagoya, Osaka, Kobe, Shimizu, Yokkaichi and Hakata, which account for 90 per cent of Japan's foreign container trade.
Tokyo-based NRIC is a unit of Nippon Express, Japan's largest international freight forwarder, also known in the country as Nittsu, reports IHS Maritime 360.
Loaded container cargo exports from the eight ports will edge down 0.3 per cent year on year to 4.91 million TEU, while imports will decline 2.1 per cent to 6.95 million TEU, the institute predicts.
NRIC's bearish outlook comes as exports slip amid an economic slowdown in China and other emerging markets. Imports are also sluggish due to a delayed recovery in domestic consumption after a sales tax hike in 2014.
In fiscal 2014, international container traffic at the eight major Japanese ports dropped 1.1 per cent year on year to 12.02 million TEU. Exports gained one per cent to 4.92 million TEU, while imports fell 2.6 per cent to 7.1 million TEU.
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