Port of Melbourne box numbers fall for November

Aerial view of shipping containers in port.

The Port of Melbourne has experienced a decrease from the throughput handling value of November 2021 by 8.4 per cent.

November 2022 saw a total container throughput (full and empty) of 258,449 TEU.

Year to date container volumes are up 5.6 per cent.

Full overseas imports were down 12.16 per cent from November 2021 with domestic appliances, non-electrical machinery, ceramic goods, clothing, miscellaneous manufactures and metal manufactures all above last year’s volumes.

Full overseas exports were down 13.81 per cent from November 2021, with wheat, pulp & waste paper, hay & fodder all below last year’s levels.

Total empty container movements were 4.4 per cent above November 2021.

READ: Melbourne forecasts container dip for 2022 outlook

Container trade for December 2022 is tracking below the comparative month in 2021, reported the port authority.

Globally, port congestion and schedule reliability is improving, but remains higher than pre-COVID-19 averages with some ongoing disruption.

Container freight rates continued to decline throughout November, although still remaining above pre-pandemic levels.

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