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May 25, 2018

Global container freight index recovers slightly after March decline

The Container Throughput Index of the RWI - Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) recovered some of its losses during April, climbing from 130.0 (revised) to 131.0 points.

The institutes note that there was a strong revision of the March figure. The revision is attributable to three elements. For one, port data was simply recorded wrong. A second port revised its figures downwards on a massive scale and two ports, for which no data had been available back then, performed surprisingly weakly.

Whilst all this lead to a major revision of the March figure, the entire first quarter 2018 still marked a new all-time high for the RWI/ISL index.

The index is based on data continuously collected from world container ports by ISL as part of its market monitoring. Because large parts of international merchandise trade are transported by ship, the development of port handling is a good indicator for world trade.

Source: ISL