Monday, February 6, 2023
spot_img
HomeContainersDrewry: Port Throughput Index Down By 2.3% in September

Subscribe

To our FREE newsletter
Get all the latest maritime news delivered straight to your inbox.

Drewry: Port Throughput Index Down By 2.3% in September

The Drewry Container Port Throughput Indices are a series of volume growth/decline indices based on monthly throughput data for a sample of over 235 ports worldwide, representing over 75% of global volumes.

The base point for the indices is January 2012 = 100.

After increasing by close to 2 points in August 2021, the Drewry port throughput index fell by 2.3% (3.2 points) MoM in September 2021. Annual growth is just under 1% , and only 3.2% above the level recorded in September 2019. Volume growth is expected to further slow down in the final quarter of the year due to rising levels of congestion across the major markets – China, North America, Europe.

Greater China was the weakest performer, with the index declining by 4.3 points (2.8%) MoM and 2.8 points (1.9%) YoY in September 2021, although it remained 5.4% higher than the level reported in September 2019. Among top 5 ports, Shanghai witnessed the largest monthly decline (-11% / 0.5 mteu), with only Shenzhen posting a positive performance (7% / 0.2 mteu).

Latin America posted strong YoY increase, with a gain of 10.3 points (9%), but MoM volumes were flat. The index remains almost 1% lower than the September 2019 value of 127 points. The European index is also still below its 2019 level, with congestion taking the steam out of the recovery.

The two smallest regions, Africa and Oceania, were the best performers recording 16% and 10% annual growth in port throughput indices respectively. However, these are small regions and therefore do not have a material impact on the performance of the global index.

Source: Drewry

Related Posts

Video

Finance & Economy
Shipping News
Ports

Keppel Corp posts 9% drop in full-year profit

Singapore’s Keppel Corp said on Thursday its net profit for the year fell 9%, partly hurt by weak performance from its urban development business...

Stolt-Nielsen sees Q4 profits rise on strong markets

Stolt-Nielsen Limited reported unaudited results for the fourth quarter and full year 2022. The Company reported a fourth-quarter net profit of $95.3 million, with revenue...

Euronav delivers better-than-expected Q4 revenue

Euronav NV reported its non-audited financial results for the fourth quarter ended 31 December 2022. Hugo De Stoop, CEO of Euronav said: “Constrained vessel supply...

Wartsila: A challenging year with strong annual growth

HIGHLIGHTS FROM OCTOBER–DECEMBER 2022 Order intake decreased by 24% to EUR 1,638 million (2,150)Service order intake increased by 6% to EUR 791 million (747)Net sales...

Hapag-Lloyd achieves extraordinarily strong result in its anniversary year 2022

On the basis of preliminary and unaudited figures, Hapag-Lloyd has concluded the 2022 financial year – in which it celebrated its 175th anniversary –...

Baltic index hits over 2-year trough on waning demand for larger vessels

The Baltic Exchange’s dry bulk sea freight index dropped to its lowest level in...

Luxury Cruise Market Holds Much Promise For Greek & East Med Hidden Gem Destinations

The appeal of Greece and the East Mediterranean as an ideal region for luxury...

Baltic index falls to over 2-year low as larger vessel rates slide

The Baltic Exchange’s dry bulk sea freight index fell to its lowest since June...

Baltic index logs worst month in 3 years

The Baltic Exchange’s main sea freight index registered its biggest monthly percentage fall in...

Baltic index snaps 9-day losing streak as panamax, supramax rates rise

The Baltic Exchange’s main sea freight index snapped its nine-session losing streak on Tuesday,...

DP World wins bid for development of a mega-container terminal at India’s Deendayal Port

DP World has won a major concession to develop, operate and maintain the mega-container terminal at Deendayal port in Gujarat, on the western coast...

Luxury Cruise Market Holds Much Promise For Greek & East Med Hidden Gem Destinations

The appeal of Greece and the East Mediterranean as an ideal region for luxury cruising will be one of the main highlights of the...

Port of Los Angeles proposes cruise terminal project

The Port of Los Angeles is inviting comments on a draft Request for Proposals (RFP) for the future development of a new Outer Harbor...

Port of Long Beach Closes 2022 with Second-Busiest Year

The Port of Long Beach marked its second-busiest year on record by moving 9.13 million twenty-foot equivalent units in 2022, allowing for a return...

Hapag-Lloyd AG acquires share in J M Baxi Ports & Logistics Limited

Hapag-Lloyd AG signed a binding agreement today under which it will acquire 35% of J M Baxi Ports & Logistics Limited (JMBPL) from a...