Container growth throughput estimates cut amid trade tensions
24 May 2019 - by
Maritime analyst Alphaliner has cut its forecasts for global container throughput growth from 3.6% to 2.5% on the back of escalating trade tensions between the United States and China.
Data from over 250 global ports surveyed by the analyst showed that the average growth in the first three months of the year reached only 2.8%, compared with the same period last year.
Middle East ports performed the worst, with their volumes shrinking by a substantial 10.1% versus Q1 2018 while African and Oceania volumes fell by 4.4% and 1.1% respectively, with the former being dragged down by a sharp 16% drop in volume at South African ports.
However, the two biggest trades, Asia-North Europe and the transpacific, reported more robust growth of 3.5% and 4.8%, respectively.