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Port of Melbourne sees container volumes rebound

STRONG volumes have been seen in July ahead of the traditional peak season at the Port of Melbourne, where a total of 285,561 TEU were handled in the month, up 3.7 per cent over July 2021.

Year to date container volumes were also up 3.7 per cent. Total empty container movements were 16.2 per cent above July 2021.

Full overseas imports were up 3.9 per cent on July 2021 with strong trade flowing through post Shanghai lockdowns, while full container exports were down 5.7 per cent on July 2021, with miscellaneous manufactures, timber, barley, non-alcoholic beverages and fresh fruit below last year's levels, reports London's Port Technology.

Full container transshipments came in at 11.1 per cent below July 2021. Container trade for early August 2022 is tracking above the comparative month in 2021.

The news comes after container volumes at Australia's largest container port have suffered since the beginning of this year. In May 2022, the port saw total throughput decline six per cent year on year to 271,053 TEU. Year-to-date container volumes were down 1.9 per cent.

"The global supply chain continues to be challenged, and despite some evidence of consumer spending slowing due to inflationary pressures, there remains ongoing congestion at major hubs and inland networks," the port wrote in its trade outlook.

Port of Melbourne sees container volumes rebound
Port of Melbourne sees container volumes rebound


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