26 Jan 20 Ports See 75% increase in Rollover Cargo
The latest figures show that in December, average rollover levels at key ports increased to 37 percent. The number reflects a market affected by a 30 percent decline in demand for container shipping in Europe and the United States at the start of the pandemic, followed by a fast recovery phase in the second half of the year.
“Of the 20 global ports for we collect data, 75 percent in December saw an increase in rollover load levels compared to the previous month.”
On average, more than one in three containers is rolled over, based on the percentage of cargo transported worldwide by each line leaving a port on a different vessel than originally expected.
“Last month, major transshipment facilities such as Port Klang in Malaysia and Colombo in Sri Lanka recorded 50 percent or more delayed cargo, with Singapore’s largest transshipment hub in the world and leading primary ports such as Shanghai and Busan rolling over more than a third of their containers,” Brazil said.
Industry analysts expect that the cargo boom will last well into 2021, with a strong probability for the first half of the year to begin.
“Cargo levels are still increasing while there appears to be little effect on the extra loader capacity that has been deployed to meet the increased demand levels,” added Brazil.
From 35 percent in November to 37 percent in December, major ocean shipping firms have seen an overall rise in rollover values. More than 50 percent of the cargo left at the departure port was on three of these tracks.