New York nudges biggest US container port title as west coast imports flatline

Having already outstripped Long Beach as a bigger US import container hub, the port of New York & New Jersey is close to usurping Los Angeles at the top of the rankings.
The reason is the accelerating coastal shift of imports from west to east.
According to the latest data compiled by Blue Alpha Capital,  NY&NJ saw imports jump 15% year on year in December, to 411,924 teu, while at Los Angeles …

The post New York nudges biggest US container port title as west coast imports flatline appeared...

https://theloadstar.com/new-york-nudges-biggest-us-container-port-title-as-west-coast-imports-flatline/

Maersk hatches ‘winter plan’ to counter record transatlantic storm season

A record-breaking Atlantic hurricane season has severely disrupted transatlantic liner services, adding to capacity shortage issues on the route.
Moreover, an acceleration in modal shift from severely congested US west coast ports to east and Gulf coast terminals has resulted in more berthing delays and last-minute call omissions.
Hitherto, bad weather has obliged transatlantic carriers to omit port calls on an ad-hoc basis, in order to recover schedules, but with no immediate …

The post Maersk...

https://theloadstar.com/maersk-hatches-winter-plan-to-counter-record-transatlantic-storm-season/

US coastal shift gaining traction as shippers review routes and emissions

MSC’s transfer last month of its standalone transpacific Santana service from the US west coast to the east could see other carriers follow suite, accelerating the coastal shift.
The supply chain uncertainty caused by severe berthing delays at US west coast hubs, along with intermodal delays and soaring transport costs, is prompting shippers to rethink routing.
Moreover, shippers are taking into account the benefit of reductions in their carbon footprint from using …

The post US coastal shift...

https://theloadstar.com/us-coastal-shift-gaining-traction-as-shippers-review-routes-and-emissions/

Container lines on track for US$15bn pandemic windfall

Runaway freight rates in the second and third quarters have had analysts scrambling to re-write doomsayer forecasts published as recently as June to predict what promises to become the industry’s most profitable year on record.

Soaring rates from Asia to the US and signs of recovery on other key trade lanes have pushed Lars Jensen, co-founder of the consulting group, Sea-Intelligence, to re-model his forecast for overall industry profitability for the second time in two months, floating a...

https://container-news.com/container-lines-on-track-for-us15bn-pandemic-windfall/

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