TEU


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TEU

An inexact unit of capacity equal to the size of a cargo container 20 feet in length. See also: FEU.
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The August and October numbers would be the highest monthly volumes since 1.96 million TEU last December, tying for the third-highest month on record behind that and the all-time record of 2 billion TEU set last October.
The UAE handled 3.5 million TEU in the first quarter of 2019, down 8.8 per cent year-on-year, due to the challenging macroenvironment and loss of lower-margin cargo.
Indeed, the flaws cost the port of Lagos close to 30% of its container traffic over five years, bringing it to 1,050,000 TEU at the end of 2017.
The terminal has an annual capacity of 1.2 million TEU and has been rebranded to DP World Santos.
Global Ship Lease owns 18 vessels with a total capacity of 82,312 TEU and an average age, weighted by TEU capacity, at December 31, 2017 of 13.0 years.
Between 2001 and 2008, the average size of newly built ships hovered around 3,400 TEU but then jumped to 5,800 TEU between 2009 and 2013, and hit 8,000 TEU in 2015.
"This will take total Jebel Ali capacity to 22.1-million TEU, and will ensure our flagship asset continues to have sufficient capacity to serve the future growth demand of the UAE and the wider region," he noted.
At a consolidated level, the terminals handled 28.3 million TEU during 2014, a 9.5% improvement in like-for-like performance.
At a consolidated level, the company's terminals handled 21.0 million TEU during the first nine months of 2014, a 9.9 per cent improvement in like-for-like performance compared to last year.
Outbound containers from Japan and 17 other Asian nations to the US amounted to 1.26 million TEU in October 2013, growing 8.6% year on year from 1.16 million TEU, according to a report recently released by the Japan Maritime Center (JMC).
Having said that, deployed capacity is constantly changed in search of a balance - but as demand growth is so weak, it's easy to get it "wrong", with dramatic consequences to follow.As an up-front example of this, by the end of June, freight rates returned to safely profitable territory following the largest weekly gain on record, going from USD 514 per TEU to USD 1,409 per TEU.
Summary: Total container activity at the Port of Beirut increased year-on-year by 15.1 percent up to February 2012 to reach 173,288 20-foot equivalent units (TEU) after having declined by 5.1 percent during the same period a year earlier.