(Bloomberg) — The biggest US ports are stretching capacity limits and need to expand to handle anticipated growth in inbound shipping, according to shipping industry veteran John McCown. Even before…
John McCown
Mighty fall: Container line profits plummet from historic peak
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China’s Cosco Group — the world’s fourth-largest container line operator with an 11% market share —...
https://www.freightwaves.com/news/container-line-profits-are-plummeting-from-their-historic-peaks
Container Shipping Industry Expected to Remain Profitable Despite Downturn
The container shipping industry experienced a second straight earnings downturn in the fourth quarter of 2022, with net income reaching $34.7 billion, according to John McCown’s latest Container Shipping Sector…
https://gcaptain.com/container-shipping-industry-expected-to-remain-profitable-despite-downturn/
McCown Report: Record Drop for U.S. Container Imports in February
The top ten container ports in the U.S. had a their biggest monthly decline on record in February, reflecting the dramatic boom-to-bust cycle caused by the COVID-19 pandemic. Inbound container…
https://gcaptain.com/mccown-report-record-drop-for-u-s-container-imports-in-february/
U.S. Container Imports See Biggest Drop in Over a Decade
Container imports into the U.S. saw their biggest decline in more than a decade last month. In his latest ports report, industry veteran John McCown said inbound containers at the…
https://gcaptain.com/u-s-container-imports-see-biggest-drop-in-over-a-decade/
West Coast Ports Bear the Brunt as Inbound Containers Drop Off
U.S. container ports experienced the largest contraction of inbound containers ever in the final months of 2022 as a slowdown in global trade continues to hammer ports volumes. In his…
https://gcaptain.com/west-coast-ports-bear-the-brunt-as-inbound-containers-drop-off/
U.S. Imports Accelerate Declines in November, Led By ‘Staggering’ Drop for West Coast Ports -Report
Imports through the top ten container ports in the U.S. marked the largest overall monthly decline since the financial crisis and likely the largest single month contraction ever, according to…
Container Shipping Industry Passes Earnings Peak
The results are in. The container shipping industry earned profits of $58.9 billion in the third quarter, breaking a streak of seven straight record quarters for the sector and further…
https://gcaptain.com/container-shipping-industry-passes-earnings-peak/
McCown Report: Falling Imports, Widening East-West Gap, Congestion Improvements, and Pricing Transparency (or Lack Thereof)
Imports into the top 10 U.S. container ports fell 5.5% in September driven by a steep drop on the West Coast, industry veteran John McCown said in his latest monthly…
U.S. Imports: East-West Cargo Gap Widens in August
With U.S. port data from August trickling in, we’re getting greater insight into the West to East cargo shift that continues to play out in the United States. A new…
https://gcaptain.com/u-s-imports-east-west-cargo-gap-widens-in-august/