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Drewry: Port throughput index up 1.4% in May, reaches highest level since June of 2021

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LONDON : The Drewry Container Port Throughput Indices are a series of calendar adjusted volume growth/decline indices based on monthly throughput data for a sample of over 235 ports worldwide, representing over 75% of global volumes. The base point for the indices is January 2012 = 100.

Drewry’s latest assessment – July 2022
• The Drewry Global Port Throughput Index increased 1.4% MoM in May 2022 to reach 143.4 points, the highest level since June 2021. While volumes were up on monthly basis, the annual comparison was neutral at 0.1% YoY.
• Despite Covid lockdowns through May, the Greater China region was the primary driver of world throughput growth, contributing about 70% of the overall monthly increase, making up for shortfalls elsewhere in Asia and modest growth in other regions. Two out of the top three ports, Ningbo & Qingdao, witnessed double-digit annual growth in May 2022. After a 25% decline in a single month in April 2022, Shanghai also started gaining volumes in May 22 and witnessed 10% MoM growth.

• North America witnessed annual (1.4%) as well monthly (2.5%) growth in May 2022. Port of Savannah handled record volumes and crossed the half million teu mark for the first time in May 2022, because of a surge in imports and backlogs at west coast ports which have prompted shippers to reroute goods through the east coast.

Related Research: Port and Terminal Sector
For access to port traffic data behind these Port Throughput Indices, along with the latest port call and port performance analytics, subscribe to Drewry’s Ports and Terminals Insight. This is a quarterly report (PDF) covering the latest developments in the container ports and terminals market, accompanied by a new monthly report (PDF) providing regular port congestion and performance monitoring (powered by Drewry AIS analytics). It looks behind the data and topical issues to answer both the ‘cause’ and ‘effect’ questions that matter most to senior industry stakeholders.

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