In March 2023, the rate of contraction for laden imports across the major North American West Coast (NAWC) ports decreased on an annualised basis compared to 2019.
“While this could very well be a temporary easing up, it could also be an indication of normalising market conditions,” stated Alan Murphy, CEO of Sea-Intelligence.
The following figure depicts the increase in laden incoming volume from January 2020 to March 2023.
Alan Murphy explained that even if the Y/Y growth (blue line) looks very...