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Asia-US east coast peak season volume up 18pc exceeding expectations

CONTAINER volume from Asia to the east east of North America (ECNA) continued to grow in September to 382,000 TEU, bringing the total for the peak season

Asia-US east coast peak season volume up 18pc exceeding expectations

CONTAINER volume from Asia to the east east of North America (ECNA) continued to grow in September to 382,000 TEU, bringing the total for the peak season

Asia-US east coast peak season volume up 18pc exceeding expectations
20 November 2013 - 18:59

Asia-US east coast peak season volume up 18pc exceeding expectations

CONTAINER volume from Asia to the east east of North America (ECNA) continued to grow in September to 382,000 TEU, bringing the total for the peak season quarter up to 1.14 million TEU, an 18 per cent increase year on year.

Drewry Maritime Research analysts also reported that year to date, volume increase was up 10 per cent, much better than the west coast's three per cent increase.

Drewry also noted that the east coast's proportion of the whole trade from Asia to North America reached 26.7 per cent between January and September, compared to 25.2 per cent for the whole of 2012.

Reasons are unclear but Drewry suggests it relates to ocean carriers' improved service via the Suez Canal and higher transcontinental inland transport costs from west coast.

Export trade from the east coast of North America to Asia remained lacklustre in September, reaching just 166,000 TEU while still producing two per cent year-on-year third quarter growth.

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