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Asia-Europe August box volume up 8.6pc, rising 8.2pc year to date

LONDON's Container Trades Statistics reports that August Asia-Europe box volumes increased 8.6 per cent year on year to 1.4 million TEU while year-to-date throughput was up 8.2 per cent 10.4 million TEU.

Asia-Europe August box volume up 8.6pc, rising 8.2pc year to date
08 October 2014 - 20:55

Asia-Europe August box volume up 8.6pc, rising 8.2pc year to date

LONDON's Container Trades Statistics reports that August Asia-Europe box volumes increased 8.6 per cent year on year to 1.4 million TEU while year-to-date throughput was up 8.2 per cent 10.4 million TEU.

Asia-northern Europe traffic increased 9.1 per cent in August 945,123 TEU while year-to-date volumes increased 8.8 per cent as Asia-west Med/North Africa rose 8.7 per cent year to date to 1.8 million TEU.

Even Asia-eastern Med and Black Sea volumes increased 5.4 per cent up on last year from January to August at 1.8 million TEU.

But analysts at MDS Transmodal attributed the surprisingly good performance to inventory restocking, rather than a general economic upturn..

"This comes as a surprise as economic indicators, GDP above all, do not suggest imprFovement especially for the euro-area countries," said the analysts' report.

"Positive performances during the first six months of 2014 for the overall imports into Europe are due to an inventory restocking rather than a healthier economy,?the report said.

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