The total weekly TEUs of direct capacity allocated to the Asia-Europe trade grew 3.3 percent from 324,000 TEUs to 336,000 TEUs in third quarter 2013 according to BlueWater Reporting.
This was matched by a 4.2 percent fall in the Asia-North America capacity from 345,400 TEUs to 331,000 TEUs. “Allocated capacity” makes an allowance for vessel space reserved for other trade lanes and the competitiveness of specific port-port transit times.
The share of Asia-Europe slots allocated to North Europe grew 2.3 percent to 217,000 TEUs and 6.3 percent to 119,000 TEUs for the Mediterranean. For Asia-North America, the share allocated for direct services to the West Coast (Canada, the United States, and Mexico) dropped 2.2 percent to 245,000 TEUs, while for the U.S. East and Gulf coasts the fall was 9.5 percent to 86,000 TEUs.
Interestingly, the trades from Asia to South America’s east and west coasts also saw weekly allocated capacity rise and fall by opposite amounts in the third quarter of 2013. Asia-ECSA grew 24.2 percent from 33,000 TEUs to 41,000 TEUs, while Asia-WCSA dropped 31.6 percent from 19,000 TEUs to 13,000 TEUs. This illustrates just how very small these trades are compared with Asia-Europe and Asia-North America, requiring caution when comparing only percentages.
The 2013 Third Quarter WLS report is downloadable in Excel spreadsheet here
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