Port of Melbourne noted increased container volumes in October 2022 compared to the same month last year.
The Australian port saw October’s container throughput rise by 15.6% over October 2021 with a total of 295,149 TEU, while year-to-date box volumes are up 9.3%.
Full overseas imports increased by 11.9% from October 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 up 11% from October 2021, with wheat, cottonseed,
raw cotton, malt, meat and nuts (almonds) all above last year’s levels.
Furthermore, total empty container movements were 37.9% above last October’s levels.
According to Port of Melbourne, the global port congestion is improving but remains higher than pre-covid averages with some ongoing disruption. At the same time, container freight rates continued to decline throughout October, although still remaining above pre-Covid levels.
“Locally the supply chain remains resilient, with minimal congestion and we continue to monitor the situation,” said the port in a statement.
