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July 31, 2018

Global container freight index decreased slightly in June

The Container Throughput Index of the RWI - Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) decreased slightly in June.

The index went from 133.6 points recorded in May to 132.7 points in June.

The institutes say they cannot rule out that the implementation of U.S. tariffs on July 1st, convinced some actors to move cargoes ahead of schedule. This would explain the noticeable increase in May, and the fact that the June figure did not turn out to be even lower. The figures for July and August are expected to paint a clearer picture in this regard.

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