Financial Ports

17.46m TEUs: Why August’s box boom could fade by Christmas

CLAVE 1 / 417.46 million TEUs moved globally in August, a new all-time high.

CLAVE 2 / 4Freight rates jumped 44% year-on-year, hitting a two-year peak of 117 on CTS’ index.

CLAVE 3 / 4North American imports rose just 2%, while Sub-Saharan Africa surged 13%.

CLAVE 4 / 4CTS cautions that slowing month-on-month growth may signal a Q4 demand dip.

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