Global Box Volumes Set a Record as Philippine Port Congestion Limits Bookings

Global container volumes and rates are elevated, while the US peak eases and congestion constrains bookings at three Philippine ports.

Editorial overhead illustration of a container truck crossing a port weighbridge
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5-minute read8 key updates3 planning notes

Summary

Container Trades Statistics reported record global container volumes in August alongside freight pricing at a more than two-year high. US import demand is easing from an unusually extended peak, although full-year volumes are still forecast to rise modestly. In the Philippines, an empty-container dispute has paused one protest, but Hapag-Lloyd has suspended new bookings to Manila, Batangas and Subic Bay through year-end. Chinese ports maintained operations during Golden Week as a transport ministry bulletin warned of strong winds and thunderstorms in southern waters.

Key Updates

Select a headline to expand the full update.

Container Trades Statistics said global container liftings reached 17.46 million TEU in August, up 3.7% year over year, while the first eight months rose 4.7%. Its global price index climbed to 117, the highest since July 2024. Asia export growth and Gulf route disruption are supporting pricing, though slower monthly growth leaves demand and rate momentum into Q4 uncertain.

Source: Global container volumes hit record 17.46 million TEUs

The National Retail Federation and Hackett Associates say the unusually long US import peak is beginning to ease. Major ports handled 2.3 million TEU in August, down 0.7% year over year; the report forecasts 25.8 million TEU for 2026, up 1.4% from 2025. Importers can adjust replenishment plans while accounting for October volume still forecast 8.5% above last year.

Source: Import cargo’s extended peak season wrapping up

DH Logistics View

  • Global volume and pricing indicators are firm, but local conditions diverge: the US peak is easing while empty-container and yard constraints have led to a booking suspension at Philippine ports. Shippers should assess market-wide rates separately from port, carrier and equipment conditions at destination.
  • Continuous operations at Chinese ports support resilience, while weather alerts in southern waters and the post-holiday cargo restart may still affect individual schedules. For time-sensitive shipments, preserve a buffer and confirm port, sailing and transshipment plans before optimizing for price alone.

Planning Notes

  • For cargo bound for Manila, Batangas or Subic Bay, confirm booking status, alternative gateways and destination inland costs with the carrier immediately.
  • US importers should review importer identity records and ACE access; Mexico-bound shipments should confirm the contracts, invoices and payment records supporting electronic customs valuation filings.
  • For sailings or port operations near the Taiwan Strait, Bashi Channel and South China Sea, monitor current marine forecasts and confirm port-call windows with the carrier.

Sources

China sources 3International sources 5
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