Chinese port data for January remains unavailable, with the publication of
official government monthly statistics conspicuously delayed since September
2022. Chinese port data have been inflated since July 2022 with throughput
volumes still showing positive growth year-on-year while volumes reported at
ports in the rest of the world are clearly in decline.
Chinese port volumes have historically led global volume growth, with the
pick-up in Chinese port volumes in late 2020 and early 2021 foresh