Slow Growth Hits Big Ports

Port

Source: www.ship-technology.com

Port traffic among the world’s busiest ports experienced the smallest growth since the recessional 2009. According to shipping industry data provider, Alphaliner, container traffic rose 0.8% for the entire year. As carriers strain to find new customers to fill their ships with cargo, weak demand has left their vessels idle.

Jakarta was one of the ports with the greatest declines, falling to 16.6% compared with the last year. Another was Hamburg where traffic steeped 9.2%. However, ports including “New York, Ho Chi Minh City, Vietnam and Port Kelang, Malaysia saw double-digit percentage growth.”

Source:
Port Traffic Grew at Slowest Rate Since Recession in 2015, WSJ