According to preliminary cargo movement trends on major container routes compiled by the Nippon Kaiji Center, cargo movement on routes between Asia and Europe continued to decline year-on-year. The prolonged situation in Ukraine is having an impact. June results for European routes showed that outbound shipments to Europe were 1,329,626 TEU (-9.7% y/y), a decline for the fifth consecutive month, and inbound shipments to Asia were 515,506 TEU (-21.9% y/y), a decline for the 12th consecutive month. On the other hand, outbound shipments from Asia to North America increased for the seventh consecutive month to 1,931,165 TEU (+6.4%) in July, probably due to the easing of the West Coast port cargo handling disruptions. Outbound shipments from North America to Asia were 6,519,184 TEU (-6.4%) in May, a decline for the 12th consecutive month. On the Japan-China route, outbound cargo in June totaled 759,447 tons (-8.0%) for the fourth consecutive month of decline, while inbound cargo in June totaled 2,034,691 tons (+9.0%) for the second consecutive month of increase.
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