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Nominal Capacity snapshot on the United Kingdom - Mediterranean Trade
Researcher: Robert King
Posted Date: 4 February 2019
This chart from BlueWater Reporting displays a quarterly snapshot of the nominal container and reefer capacity on the United Kingdom - Mediterranean trade for the year prior to the potential BREXIT from the European Union scheduled to occur on March 29, 2019. This information was found by combining data from the BlueWater Port Dashboard and the BlueWater Reporting Terminal Analysis applications. For the week ending Jan. 20, 2019, Non-Alliance carriers on the United Kingdom - Mediterranean trade accounted for 120,321 TEUs of a total 204,168 TEUs and 13,911 reefer plugs of a total 18,603 reefer plugs. The 2M Alliance moved 51,996 TEUs and the OCEAN Alliance another 31,851 TEUs on the trade. Nominal capacity totals have seen a significant downward trend with 274,249 TEUs moved the week ending Dec. 31, 2017, compared to 204,233 TEUs for the week ending Dec. 30, 2018, a decrease of more than 34 percent year-over-year. The year-over-year drawdown of vessels on the service from the end of 2017, to close of 2018, closely mirrors these reduction percentages in nominal capacity. 264 vessels operated on the United Kingdom - Mediterranean trade at the end of 2017, and ended with 194 vessels operating to close out 2018. Nominal capacity volumes have remained almost unchanged since the close of Q3'18, and currently stand at 204,168 TEUs and 18,603 reefer plugs for the week ending Jan. 20, 2019.