Container volumes at the Port of Melbourne have dropped since the beginning of this year as the global supply chain is facing unprecedented hurdles; and the port anticipates more woes ahead of the peak season.
In May 2022, the port saw total container throughput (full and empty) decline 6 per cent over the same period the previous year, with a total of 271,053 TEU. Year-to-date container volumes were also down 1.9 per cent.
Total container imports decreased 3.9 per cent on May 2021. Containerised imports of manufactures, furniture, metal manufactures and textiles declined as well.
Full container exports grew 1.1 per cent in May 2021 volumes while total empty container movements were below 14.1 per cent due to a combination of factors including vessel scheduling issues, congestion, and a reduced number of total services.
Overall May 2022 container trade results compared with May 2021 were as follows:
Container trade for early June 2022 is tracking below the comparative month in 2021, said the port.
After two months of COVID-19 lockdowns, Shanghai has eased restrictions from early June, but the effects on the supply chain have been felt as nearby ports experienced landside congestion, delays, and equipment availability.
As Shanghai fully opens, the Port of Melbourne is anticipating more pressure on the back half of 2022 across global supply chains as the industry heads towards peak season.
The Port of Melbourne saw a 5 per cent drop in its container volumes in April 2022 as well – handling 255,193 TEU.
