Weak container volumes in the first quarter have seen analyst Alphaliner cut its global container throughput growth forecast for 2019 to 2.5% from 3.6%.
The United Nations’ Economic Commission for Latin America and the Caribbean (ECLAC) has released its annual report on port activity in the region with Panama’s Colon port complex top of the list with 4.32m teu and growth of 11% compared to 2017.
Cargo volume in Panamanian ports hit a record 7.01m teu last year, but only showed a slight growth of 1.7% compared to 6.89 teu the year before.
Terminal operator DP World saw container volume growth slip to 1.9% last year to handle 71.4m teu, with throughput at its home base in the UAE declining.
China’s Shanghai International Port Group (SIPG) retained its top position as the world’s busiest container port for the ninth consecutive year.
The Shanghai International Shipping Institute’s (SISI) most recent second quarter Global Port Development Report showed the effect of some the current trade and economic issues on the global sea freight market.
Orient Overseas Container Lines (OOCL) saw second quarter total volumes rise 4.6% to 1.69m teu from 1.62m teu in the same period in 2017 and the volume gains were also able to be translated into good gains with total revenues increasing by 4.0% to $1.46bn although average revenue per teu fell by 0.6%.
DP World’s worldwide container volumes grew 10.1% to 70.1m teu in 2017 outstripping forecast market growth as a whole.
The Panama Maritime Authority has released the 2017 statistics of cargo volume handled by ports showing an increase of 10.1% to 6.89m teu, up from 6,27m teu in 2016.
Domestic trade cargo throughput in the third quarter rose at ports in China, as did overall trade in South Korea. In the container trade, throughput rose at North American ports while growth stagnated in Europe due to the varying effects of the realignment of the alliances on the various sectors.