trade imbalance Archives - Maritime Shipping News

Tactics To Tackle Port Congestion and Improve Port Efficiency

30 May 2021

Freight Waves reports of an article by Lidia Yan, CEO at NEXT Trucking, where in she explains the causes of port congestion and tactics to improve efficiency.

Increasing Port congestion

During the release of Evergiven A container ship on the Suez Canal in March caused the biggest headache in the harbor congestion. The Port of Los Angeles and Long Beach, the two largest gateways to US imports, have been hit by unusual levels of congestion in recent months, with nearly 40 freighters anchored for...

https://mfame.guru/tactics-to-tackle-port-congestion-and-improve-port-efficiency/

Port of LA files best September despite lagging exports

15 October 2020

The Port of Los Angeles recorded its best September in the gateway’s 114-year history last month. The 888,625 twenty-foot equivalent units (TEUs) processed, a 13.3% year-over-year increase, contributed to the third quarter becoming the single-best quarter on record, with more than 2.7 million TEUs moved.

Port of LA Executive Director Gene Seroka said an average of 900,000 TEUs were moved per month in the third quarter. “It’s a big upswing from what we … were used to seeing in just the first six...

https://s29755.pcdn.co/news/port-of-la-files-best-september-despite-lagging-exports

Port of LA secures record month with 961,833 TEUs

16 September 2020

The Port of Los Angeles had its best month ever in August, but Executive Director Gene Seroka wasn’t sipping champagne during Tuesday’s press conference on volumes.

“One month or even one quarter does not make a trend,” Seroka said. “Despite this import surge that we’re seeing, the U.S. economy and global trade face significant challenges. Cargo volume remains down nearly 12% year-on-year through August. The trade imbalance has deepened, with American exports continuing to struggle. In my view,...

https://s29755.pcdn.co/news/port-of-la-secures-record-month-with-961833-teus

India’s exports to China surge

7 January 2019

China’s promise to check the widening trade imbalance with India by importing more may already be showing some impact. India’s exports to China in the first eight months of FY19 increased by more than a third year-on-year, according to official figures.

India, however, is closely monitoring the export figures to see what part is directly attributable to the greater market access promised by Beijing, so that corrective action can be sought, if required, a government official told BusinessLine.

“The...

http://container-news.com/india-exports-china-surge/