GCTL8.com (FocusAsia Media Ltd)

TOKYO, Mar 10 (FAM) – The combined volume of containerized shipments that major shipping lines moved in January among 13 countries and regions in Asia plunged 13.8% from a year earlier to 1.025 million TEUs, suffering the first year-on-year contraction in two months.

Last-minute cargo demand did not grow as powerfully as expected before the Lunar New Year holidays, significantly decreasing both imports to and exports to major economies in the region. In breakdown, dry and reefer containers both incurred double-digit decreases, going down 13.9% to 961,600 TEUs and down 11.8% to 63,700 TEUs, respectively.