Global Container Volume to top 545 million TEU in 2010 – Alphaliner

From Alphaliner News Summary Issue 31(1)

Global container port handling volumes are expected to grow by 11.6% in 2010 to 545 Mteu, with a strong first-half performance tempered by slower growth in the second half. Full-year volumes are expected to exceed the pre-crisis volumes of 535 Mteu recorded in 2008. Last year, global container port handling is estimated to have dropped by 8.6% to 489 Mteu, the first annual decline recorded in history.

The robust 2010 growth projections come on the back of a strong first half. Global handling volumes in the first six months to June are estimated to havegrown by 18%. The full-year growth forecast takes into account a slowdown in the second half of the year due to the uncertainty over the sustainability of
global demand. Handling volumes are expected to grow by 6% in the second half, reflecting partly the higher base seen in the second half of last year, as well as the anticipated slowdown in trade volume growth.
The growth will be led by China, with total handling volumes at Chinese ports (including Hong Kong) expected to reach 165 Mteu this year. In the first six months of the year, Chinese ports handled 80 Mteu compared to 66 Mteu in the same period of 2009 and 74 Mteu a year before that 2008.

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