Analyst firm: Depressing volumes for container carriers

The month of October was not good for the container carriers, Container Trades Statistics states. The global containerised trade was 1.5 percent lower than in the months before whereas it was 6.5 percent lower than May which was the best month of the year.

Photo: Hyundai Merchant Marine

There is no good news to gain from the October update on container trade from the analyst firm Container Trades Statistics (CTS). Overall containerised trade dropped by 1.5 percent compared to September and the current level is 6.5 percent below the level in May which was the best month of the year.

The October volumes reached 10,166,100 teu, which is very depressing, CTS highlights.

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