Analyst Pin-board Seaport industry update: Cargo throughput has recovered; Seaport services tariffs are expected to increase from the beginning of 2021
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Trading activities of containerized freight recovered at the end of Q3-2020 |
Trading containerized cargoes via sea has regained more clearly in the first half of September. In which, we estimate that the export value of these freights surged by 28% YoY, while import turnover witnessed an increase of 12% YoY, significantly improved compared to the previous months (figure 1). We see that the vital driver for exports over the past few months has come from the abnormally robust growth of machinery, computers and components with the main destination is the US, which benefited from the US-China trade war. Meanwhile, the import value in raw materials groups also started to accelerate from the beginning of September to prepare for the high demand in production as well as consumption in last months of the year.
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