container volumes

Cargo volumes up at Port of Baltimore

Cargo volumes continued an upward trend through the third quarter of 2023 for key targeted commodities at Maryland’s Helen Delich Bentley Port of Baltimore. From January through September at the port’s state-owned terminals, roll on/roll off farm and construction machinery recorded a 28% increase compared to 2022, container volumes rose 6%, and overall general cargo was up 3% percent. All those increases are up over record numbers achieved in 2022.

“A growing, thriving port is essential to...

https://www.marinelog.com/inland-coastal/ports-terminals/cargo-volumes-up-at-port-of-baltimore/

Container Volumes Drop in Oakland

Credit: The Port of Oakland

Container volumes in Oakland take a hit, highlights a Porttechnology news source.

The Port of Oakland dip in volume

The Port of Oakland has reported a year-on-year container volume dip in August 2023.

According to the port, complete TEU handling fell 13.1 per cent in August 2023, to 135,253 TEU, from 155,682 TEU in August 2022.

Vessel calls have continued to increase into 2023, with 650 vessel contacts reported until the end of August, up 13 per cent from August 2022.

Accor...

https://mfame.guru/container-volumes-drop-in-oakland/

2nd-half freight rebound increasingly unlikely

Across the physical economy, executives and analysts are projecting that the second half of 2023 will bring a rebound. That includes containerized U.S. import volumes, which sees its peak season in late summer to autumn. Some believe U.S. import demand has hit the bottom.

However, further downside risks have emerged for the U.S. economy. It’s wrecking the odds of a second-half rebound in import volumes.

Last June, SONAR’s ocean container bookings data revealed that U.S. import demand for...

https://www.freightwaves.com/news/2nd-half-rebound-in-ocean-container-imports-increasingly-unlikely

CMA CGM Expects Major Shift In Shipping

A recent news article published in the MSN states that CMA CGM expects shipping slowdown after another strong quarter.

Weakening consumer spending

Weakening consumer spending is curbing shipping demand and freight rates, transport giant CMA CGM said on Friday as it reported another jump in quarterly profits.

French-based CMA CGM, one of the world’s largest container lines, reported a net profit of $7.6 billion for the second quarter, up from $3.5 billion in the year-earlier period and also...

https://mfame.guru/cma-cgm-expects-major-shift-in-shipping/

US import demand is dropping off a cliff

The latest ocean container bookings data reveals that despite the strong levels of inbound cargo during the first five months of 2022, import demand is not just softening — it’s dropping off a cliff. Because capacity on the trans-Pacific has remained relatively stable, Drewry’s container spot rates from China to the West Coast have plunged 41% month-over-month to $9,630.

Freight forwarders will enjoy expanding margins on ocean freight, while U.S. trucking carriers and intermodal volume providers...

https://www.freightwaves.com/news/us-import-demand-drops-off-a-cliff

Regulators weigh in on fight between tankers and container ships

A Texas law that has largely pitted the energy and container trades against each other at the Port of Houston has sparked interest from the Federal Maritime Commission.

In a letter sent Tuesday addressed to the Port of Houston Authority Port Commission and the Houston channel pilots board, Federal Maritime Commissioners Carl Bentzel and Louis Sola warned that the law, which is meant to promote safety in the Houston Ship Channel (HSC), “could severely hamper” the competitiveness not only of the...

https://s29755.pcdn.co/news/regulators-weigh-in-on-fight-between-tankers-and-container-ships

Trans-Pacific Trade Hits Blank Sailings Due to Port Congestion

Container volumes in the Asia-U.S. trans-Pacific trade have hit their limit which made massive port congestion in the ports of Los Angeles and Long Beach is forcing ocean carriers to take extreme measures and, Sailings are now being “blanked” (canceled) not because of lack of demand, but because of lack of tonnage as ships are stuck awaiting berths, says an article published in Freight Waves.

Recovery Vessels

When ships fall behind schedule due to long waits in port, carriers normally add “recover...

https://mfame.guru/trans-pacific-trade-hits-blank-sailings-due-to-port-congestion/

Ports press Congress, Biden for emergency funds

A coalition of 37 maritime industry groups is asking Congress and President Joe Biden to fund a new relief program to strengthen an industry weakened by the effects of COVID-19.

“Despite container surges at several large ports, commercial cargo volumes have plummeted across the industry — total waterborne trade volume is down 5.5% compared to last year, while the value of this trade has crashed by 12.7% totaling $200 billion,” the groups, which included the American Association of Port...

https://www.freightwaves.com/news/ports-press-congress-biden-for-emergency-funds

Pandemic hit Port of LA with huge ebbs and flows

Port of Los Angeles Executive Director Gene Seroka looked back on “a year of big swings” during a live interview with FreightWaves’ Dooner and Michael Vincent on Tuesday.

Those swings have taken the port from a springtime trough of a 19% year-over-year volume drop to today, when the amount of imports “is just unprecedented,” Seroka said during the Q&A conducted during FreightWaves’ North American Supply Chain Summit.

Seroka has long been an advocate for information sharing among stakeholders. The...

https://s29755.pcdn.co/news/pandemic-hit-port-of-la-with-huge-ebbs-and-flows

+ More