GLOBAL container shipping volumes only fell 1.2
per cent year on year in 2020 recovering from a 6.8 per cent drop suffered in
the first half of the year, reports Hellenic
Shipping News Worldwide.
Growth concentrated on a few trade lanes, with congestion
and imbalances causing disruption on other trades. according to a review by the
Baltic and International Maritime Council (BIMCO), which declared
2021 would be an even better for container shipping.
The biggest growth recorded was on Far East to
North America trade. Volumes rose 3.6 million TEU in the second half of the
year, compared with the first, while volumes rose 2.1 million TEU compared with
the second half of 2019. The entire year saw a growth of 1.4 million TEU.
Of all of the high-volume trades, the Far East to North
America was the only one to grow over the full year. Intra-Asia and Far East to
Europe growth in the second half of the year wasn't enough to make up for H1
losses.
After falling by 1.1 million TEU in the first half of the
year, volumes between the two were only up by 200,000 TEU in the second half of
2020, leaving full year volumes down 5.2 per cent.
The intra-Asian trades saw a 2.2 per cent growth in the
second half of the year compared to H2 2019, but it wasn't enough to recover a
four per cent loss in the first half.
Meanwhile, the Indian subcontinent and Middle East exports
to the Far East saw volumes increase by 115,000 TEU in H1 2020, causing it to
be one of the very few trades that bucked the trend and grew in the first half
of the year.
"The particularly strong recovery in demand for
containerised goods in the US was driven by a rise in consumer spending,
particularly on goods for the homes that people have been spending much more time
in, as well as higher spending on goods as consumers were unable to spend what
they usually do on services," said BIMCO chief shipping analyst Peter
Sand.
"As manufacturing in consuming countries has struggled
to recover to its pre-pandemic levels, imports have outgrown demand for a
number of goods in order to fill the gap. This development is hugely beneficial
for shipping,"
Source : HKSG / Photo : Maritime Business World.
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