CONTAINER volumes on transatlantic trade increased in both directions in October while freight rates struggled to reach levels in the same period 2012.
Total container volumes from Europe to North America increased 2.6 per cent to 308,900 TEU in October and were up 2.3 per cent to three million TEU in the first 10 months of the year.
Container volumes from the Mediterranean to the US were up year on year. Figures for transit from the Med to Mexico and Canada were unavailable due to reporting restrictions. US to the Mediterranean in the period January to October beat off last year's figures while freight rates remained below 2012 in both directions.
Volumes increased from North America to Europe at 6.8 per cent increase to 227,800 TEU and total volume for the year so far was up 2.2 per cent to 2.2 million TEU.
Northern Europe to Canada and the US saw a decrease during this 10-month period against higher volumes to Mexico, according to latest figures from Container Trades Statistics.
Canada and Mexico's volumes to northern Europe were ahead of 2012 in the same 10-month period compared to US container volumes.
The North America-Europe price index stood at 95 in October compared to same month 2012 when it registered 99, based on 100 being the average 2008 quarterly, reported Lloyd's List. The index has been behind 2012's level month on month during this year.
From Europe-North America, the index decreased further to 89 from 92 in the same month of 2012 and has remained behind last year in eight months out of 10.
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