5 December 2017

Nigeria: Container Shipment to Hit 200 Million TEU Mark This Year

Global loaded container traffic is on track to break the 200 million Twenty-Foot Equivalent Unit (TEU) thresholds this year for the first time ever, shipping consultancy Drewry said in its latest port and trade statistics.

"The Drewry Global Container Port Throughput Index shows no sign of slowing down, with the latest reading for September being nearly 10 points above the same month in 2016.

Ignoring the monthly fluctuations, the trend has been relentlessly positive in 2017, following on from a more muted growth pattern last year," the report said.

The fastest growing regions were North America (+12.6 per cent), Latin America (+11.1 per cent) and China (10.3 per cent); the slowest was Europe (4.4 per cent), the index figures for September show.

Data gathered from CTS, PIERS, and Datamar in a selection of key trades indicates that two-way traffic in some of the world's largest trades was in the region of 4-5 per cent higher after nine months of 2017.

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