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Alphaliner still predicts growth in the container shipping market this year, despite an accelerated trade war between China and the US but it lowers its growth forecast from 3.5% to 2.5%, TASS reports citing the Lloyd’s List.
Alphaliner said that in the second quarter of 2019 the container market was developing quite steadily, the turnover of the world ports grew by 2.8% from April till June. Preliminary data suggests that the growth accelerated slightly from 2.7% in the first quarter.
However, the traffic through the Chinese ports slowed down the growth in the second quarter to 3.5%, compared with 4.2% in the first quarter. The segment of The North American market slowed down to 2.9% in the second quarter compared with 4.7% in the first three months of the year.
Alphaliner also warned that the TEU Multiplier, a container turnover to GDP for decades has shown that the container market is growing faster than the economy but continues to decline. In the 90s the multiplier was 3.4, at the beginning of the two thousandths was 2.6. After the crisis of 2008 he began to rapidly strive to 1 and this year it may fall below 1 because of growing trade contradictions.
Last year 100 greatest container ports in the world increased volumes by an average of 4.8%, and by 6% in 2017.
Alphaliner is The Worldwide Shipping Guide