SILKRAILS.WORDPRESS.COM (GCTL8.com – FOCUSASIA MEDIA Ltd)

LONDON, Jun 27 (FAM) – Container volumes from Asia to the west coast of North America continued growing by almost 5% in the first part of this year, although US importers have been spared really big increases in annual contract prices because of relatively weak demand in the first two months of this year, analysis by Drewry indicates.

After a “sluggish” start to the year, Asian exports bound for the US West Coast (USWC) ports have rebounded since February, Drewry noted, and after the first five months, Asia to USWC volumes grew by 2.5% year-on-year to nearly 4 million teu. While clearly a positive trend, growth to the US East Coast  was faster at 6% as the gradual coastal shift continues, Drewry said.

 

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