Analysts slash full-year forecast for global box growth

Container throughput growth expected to come in at just 0.3% in 2016 in the first six months. According to Alphaliner, total volumes handled by the world’s box ports will increase by just 0.3% this year. Global container throughput to gross domestic product ratio, or GDP multiplier, will drop to 0.3 in 2016, with the latest IMF World Economic Outlook anticipating global GDP growth of 3.1%.

Shanghai, saw box numbers fall 0.8% to below 18m teu, Hong Kong witnessed a 10.5% fall in traffic, while Dubai, Singapore and Rotterdam reported negative growth of 6.1%, 5.1% and 2.3%.

Algeciras saw growth in percentage terms of 13.1%, followed by Port Klang, where volumes climbed 12.3%, and Colombo, Sri Lanka, which also reported double-digit growth of 11.2%.

Alphaliner estimates 9% growth in South Asia, to a fall of 11.5% at ports in Africa during the first six months of 2016, growth at Chinese ports, responsible for more than 30% of total global volumes, increased only 1.4% from January through to June against 2015 levels.

The North American reported growth of just 0.2%. On the west coast, volumes were up 0.9%, but on East, box numbers were down 1.4%.

(Lloyd’s List)