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Container shipping lines doing well in the third quarter

The container shipping lines world over have posted much improved results in the third quarter of 2017, driven by higher demand, Alphaliner has reported in its analysis. It highlighted that this was their best showing since the first quarter of 2015.

For the 11 carriers that reported Q3 results, the average operating margin was 5 per cent, compared to 2.8 per cent in the second quarter of this year and -7.8 per cent in the third quarter of 2016, Alphaliner said.

Meanwhile, Drewry’s Container Forecaster has projected that loaded box shipments will cross 200 million TEUs for the first time ever in 2017.

Port volumes recorded a 7.7 per cent rise in aggregate throughput in the quarter ended September 30, growing at their fastest pace since 2011, according to Alphaliner, the global agency that tracks container movement.

Through its survey, which covers more than 200 ports that account for over 75 per cent of global container volumes, Alphaliner saw that the strong third-quarter growth figures surpassed the growth rates of the previous two quarters, which stood at 7.4 per cent and 5.8 per cent, respectively.

Full year growth estimate for 2017 has thus been adjusted upwards to 6.4 per cent.

All regions posted improved year-on-year growth, led by Latin American ports which recorded the highest growth rate of 10 per cent in the third quarter. The strong volumes recovery could lead to a major revamp of Asia-South America services in the coming months

Mexican ports led the way with growth reaching 15.2 per centduring the period, with notable gains in Manzanillo, Lazaro Cardenas, Veracrus and Altamira, while ports in Panama recorded an 11.1 per cent gain.

 


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