Container traffic slumps at Port of Antwerp in first quarter of 2022

Container traffic at the Port of Antwerp in Q1 2022 has fallen by 11.6 per cent compared to the same period in 2021.

A total of 2.73 million TEU passed through the port over the last three months.

The decline in volumes was primarily driven by delays and high import call sizes which are posing protracted operational challenges and making operations at container terminals more difficult.

Furthermore, the Russia-Ukraine conflict has put significant pressure on the number of containers handled.

According to the Kiel Institute for the World Economy, world trade in March is expected to decline by nearly 3 per cent as a result of the war.

Compared to Q1 2021, all cargo types at the Port of Antwerp are showing signs of growth except for containers.

https://www.porttechnology.org/news/container-traffic-slumps-at-port-of-antwerp-in-first-quarter-of-2022/