Japanese Chemical Trader blog

Japan Chemical Trading Blog

Increase in U.S.-bound Container Cargoes

According to the announcement made by Japan Maritime Center on May 19th, during the first quarter of this year, Asia to U.S. container cargo volume increased by 4.8% year-on-year to 3.322 million TEU.

In March alone, the volume was 1.051 million TEU. Its breakdown was as follows:  0.636 million TEU from China, an increase by 25.9% year-on-year, 62,000 TEU from South Korea, an increase by 9.7%, and 59,000 TEU from Japan, an increase by 0.7%.

Although the freight is continuously showing a downward trend, according to a forwarder, it might have hit bottom at the moment and it is expected that the freight will increase gradually from now on. However, the expectation is not always reliable.

Since 2010, U.S.-bound cargo volume is growing every year. This might mean that the total shipping tonnage of container vessels is growing faster than that of cargo volume.

According to the Technical Note of National Institute for Land and Infrastructure Management (2012), the total shipping tonnage of container vessels has shown an approximate tenfold increase during the 20 years from 1990 to 2010.