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2009 March 2   07:32

Chinese containers export plunges in January

It is reported that tracking sluggish containers shipping market, China's export containers slipped month by month from 2008 and tumbled to 60,000 this January slumping nearly 80%YoY from 290,000 in the same period of last year. From customs' data, China only gained USD 247 million from containers export this January much less than USD 689 million last January. The total number of containers has also kept below 100,000 in two consecutive months since last December.
As per report, the annual export containers have rolled back from 3.13 million in 2007 to 3.03 million last year. Basically, it performed well in the first half of last year and reached 430,000 in last July but slid directly in the rest five months, which obviously reflect the weakness in the shipping market.

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