Container throughput sees positive recovery since start of the pandemic

The container port throughput index of the London-based maritime consultancy Drewry has seen positive year-on-year growth for the first time since the beginning of the pandemic.

“Global recovery has finally started,” Drewry said in a press release. Though the index remained almost stagnant in September 2020, recording a marginal 0.3% month-on-month change, it showed a higher three point change (2.3%) year-on-year.

The port throughput index for Asia (except China) remained stagnant with no monthly change in September 2020.

However, the region has entered into the positive annual growth territory with 2% year-on-year increase in port volumes. The three big hubs of the region – Singapore, Tanjung Pelepas and Port Klang – contributed the most to this annual growth.

North America’s throughput rose monthly as well as annually in September 2020. Meanwhile, Europe’s index reached 116 by increasing slightly (0.4%) over August 2020, but 2.7% (3.2 points) lower year on year. (cd)