Increased container volume at Port of Melbourne in October

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.

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