Japan’s US-bound container trade declines

JAPAN’s three main container ports of Yokohama and Nagoya continued to see volume declines in December, while Osaka saw a slight rise despite the ongoing global economic downturn that has knocked the wind out of the shipping industry.

The volume of Nagoya’s container trade with the US sunk by 16.4 per cent to 420,074 tons in December. Exports were down 21.6 per cent at 267,014 tons, while imports were also down 5.2 per cent at 153,060 tons. Meanwhile, the total number of foreign trade containers handled by Osaka edged up 1.7 per cent in December year on year to 172,819 TEU after the port posted its first drop in three months in November. In December, exports were up 7.6 per cent at 82,637 TEU, but imports were down 3.3 per cent at 90,182 TEU, reported Newark’s Journal of Commerce.

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