{"id":13965,"date":"2015-10-14T13:46:08","date_gmt":"2015-10-14T13:46:08","guid":{"rendered":"https:\/\/seafarersrights.org\/japanese-ports-container-trade-set-to-slip\/"},"modified":"2015-10-14T13:46:08","modified_gmt":"2015-10-14T13:46:08","slug":"japanese-ports-container-trade-set-to-slip","status":"publish","type":"post","link":"https:\/\/seafarersrights.org\/japanese-ports-container-trade-set-to-slip\/","title":{"rendered":"Japanese ports\u2019 container trade set to slip"},"content":{"rendered":"
\n

Japanese ports’ international container trade is set to shrink further this year, according to Nittsu Research Institute and Consulting Inc (NRIC).<\/p>\n

At eight leading Japanese ports, traffic will drop for the second straight year in fiscal 2015, which started in April, sagging 1.3% to 11.867 million teu, said NRIC.<\/p>\n

NRIC is a subsidiary of Nippon Express Co, Japan’s largest international freight forwarder, also known in the country as Nittsu.<\/p>\n

In fiscal 2015, loaded container cargo exports from the eight ports will edge down 0.3% year on year (y\/y) to 4.910 million teu, while loaded container cargo imports will decline 2.1% y\/y to 6.957 million teu, the institute predicts.<\/p>\n

NRIC’s bearish outlook comes as exports slip amid an economic slowdown in China and other emerging markets. Imports are also sluggish due to a delayed recovery in domestic consumption after a sales tax hike in 2014.<\/p>\n

In fiscal 2014, international container traffic at the eight major Japanese ports dropped 1.1% y\/y to 12.027 million teu. Exports gained 1.0% to 4.923 million teu, while imports fell 2.6% to 7.104 million teu.<\/p>\n

NRIC’s forecast covers the ports of Tokyo, Yokohama, Nagoya, Osaka, and Kobe, which together account for nearly 90% of the nation’s international containerised cargo trade, as well as the ports of Shimizu, Yokkaichi, and Hakata.<\/p>\n<\/p>\n

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(213 words) <\/div>\n
<\/a><\/a><\/a><\/div>\n<\/div>\n

This post was sourced from IHS Maritime 360: View the original article here.<\/a><\/p>\n ","protected":false},"excerpt":{"rendered":"

Japanese ports’ international container trade is set to shrink further this year, according to Nittsu Research Institute and Consulting Inc (NRIC).
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