Drewry's port throughput indices show November cargo traffic falls 2pc
THE Drewry Container Port Throughput Indices that track volume growth/decline based on monthly throughput data for a sample of 220 ports worldwide declined two per cent to 128
THE Drewry Container Port Throughput Indices that track volume growth/decline based on monthly throughput data for a sample of 220 ports worldwide declined two per cent to 128.8 points in November 2019, almost the same level as November 2018.
Most regions, with the exception of China, registered both monthly and annual declines in November. China was the only region that achieved annual growth of 1.3 per cent in its throughput index, although on a monthly basis it was 1.3 per cent lower than in October 2019. Asia (excluding China) was at the same level as a year ago, but its index was 0.6 per cent lower than in October 2019.
North America saw the largest monthly decline of any region in November 2019. The throughput index was at 134.5 points, 6.7 per cent lower than in October 2019.
However, the annual decline was much lower at 1.8 per cent. Last year the region outperformed during this period amid to fears of a tariff hike which resulted in advance cargo bookings. Latin America's index was at the same level as in November 2018, but experienced a monthly decline of 3.2 per cent last November, reported the American Journal of Transportation.
The throughput index for Africa declined by another 3.6 per cent (3.8 points) in November 2019 but the annual decline was less at 2.9 per cent. However, the index figures for Africa are based on a relatively small sample.
The index for Europe was 3.9 per cent lower at 119.2 compared with October 2019. However, on an annual basis, the decrease was only 0.9 per cent.