News Details

Port connectivity largely unaffected by the pandemic


As carriers blanked a significant number of sailings during the pandemic, along with a few outright service closures, in issue 484 of the Sunday Spotlight was analysed UNCTAD’s Port Liner Shipping Connectivity Index (PLSCI) to see if the pandemic had a material impact on liner connectivity at an individual port level. Looked at was the 50 most-connected ports as they were in 2019-Q4, which was the last quarter before the Coronavirus outbreak.


As per a Sea-Intelligence release, Figure 1 shows a growth connectivity matrix for these ports, with the x-axis (horizontal axis) showing the percentage change in 2020-Q2 from 2019-Q4 as a base, and the y-axis (vertical axis) showing the percentage change in 2020-Q3 from 2019-Q4 as a base. “Using 2019-Q4 as a base ensures that we are comparing the peak pandemic (2020-Q2) and the recovery phase (2020-Q3) against the last quarter not impacted by Coronavirus.”


Most of the ports are in the top-right quadrant (and coloured green) which means that they recorded an improvement in connectivity in both 2020-Q2 and -Q3, with only a few ports in the bottom left (and coloured red) with a decrease in connectivity in both 2020-Q2 and -Q3. This means that despite the pandemic, these ports still had a strong enough liner network, which ensured that their connectivity index value did not decline. It is however interesting to note that some of the biggest European ports recorded a decline in connectivity in both quarters, whereas all 3 North American ports on the list recorded an increase in connectivity in both quarters, the release said.

 

Source: Exim News Service: Copenhagen, Oct. 15

EXIM INDIA PROFILE

click here!!

Search News

Currency Import Export
U.S.Dollar 74.26 73.35
U.K.Pound 97.09 95.19
Euro 88.05 86.59

As On 26th October, 2020

more forex rates...

Currency Import Export
U.S.Dollar 74.25 72.55
Sterling Pound 97.15 93.85
Euro 87.80 84.70

w.e.f.16th October, 2020

more custom rates...