Subscribe to our free, weekly email newsletter!



China still calls the shots

image
By Patrick Burnson, Executive Editor
June 15, 2010

While we have observed that Southern California ports have gained market share in recent months due to a surge in Asian exports, it is worth noting that the outbound ocean cargo gateways in China are also thriving.

According the Paris-based consultancy, Alphaliner, container traffic through Chinese ports hit an all-time monthly high of 12.44 million 20-foot equivalent units (TEUs) in May as that country’s foreign trade jumped by nearly 50 percent from a year ago.

Indeed, the record volume was up 21.9 percent from May 2009 and 16.6 percent higher than the same month in 2008. Six of the top 10 ports booked record volumes, led by Ningbo which reported a 52 percent increase to 1.23 million TEUs. Shanghai, Guangzhou, Tianjin, Xiamen and Dalian also recorded all time high monthly traffic.

China’s exports rose 48.5 percent in May from a year ago and imports were up 48.3 percent, according to Chinese customs.

Analysts for Alphaliner stated that global container demand growth for 2010 willl hold steady at 11.5 percent, with slower second half growth offsetting the strong performance in the first six months of the year.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

For the fourth quarter of 2014, UPS said it anticipates adjusted diluted earnings per share of roughly $1.25, with full-year 2014 adjusted diluted earnings per share at $4.75, which represents a 3.9 percent annual gain over 2013’s adjusted earnings per share of $4.57, with full-year 2014 diluted earnings pegged at around $3.28 per share, which is 28.9 percent below 2013’s $4.61.

In recently issued research and data, JLL pointed out that its market data indicates rents are on the rise, with companies on the hunt for warehouse and distribution space.

U.S. Carloads were up 0.3 percent annually at 290,963, and intermodal at 260,893 containers and trailers dropped 2.4 percent compared to the same week last year.

Researchers say the ships are operating in international waters with a "worrying lack" of regulation, adding that they could pose a threat to regional peace and stability.

Compared to November, spot market freight volume was up 3.0 percent, according to the DAT North American Freight Index.

Article Topics

Blogs · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA