Ports/Logistics

Total 62 Posts

Port Congestion

Port Congestion Continues To Ease

Congestion at Asia ports have cleared gradually after heavy rain in early August from typhoon Doksoru and Khanun caused flooding across multiple North Asian regions. Southern California ports were also hit by Hurricane Hilary over the weekend, but port operations were not materially impacted with both the Port of Los Angeles and Long Beach to re-open on 21 August after the partial shutdown the day before. There were no containerships waiting at the San Pedro Bay anchorage, and no buildup in po

Ports

Hapag-Lloyd completes acquisiton of SAAM

Hapag-Lloyd has completed the acquisition of SAAM's port and logistics operations for a total price of $995m on 1 August 2023 after securing relevant regulatory approvals. The deal was first announced on 4 October 2022 with a binding agreement signed on 6 October 2022. The transaction includes interests in 1o terminals in Iquique, Antofagasta, San Antonio, San Vicente and Corral (Chile), Port Everglades (United States / Florida), Mazatlán (Mexico), Buenavista (Colombia), Guayaquil (Ecuador) and

Markets

Russian container trade volumes rebound

Total container volumes handled at Russian ports rebounded sharply in the 2nd quarter of 2023 with a 33% yoy gain despite the ongoing sanctions against Russia. Far East gateway volumes through Vladivostok, Vostochny and Nakhodka grew by 39%, while volumes handled at the Black Sea gateway of Novorossiysk increased by 40%. Although the Baltic gateways of St Petersburg, Ust-Luga and Kaliningrad rebounded strongly by 25% compared to a year ago, total Baltic volumes remain at less than half of their

Ports

USWC regaining lead vs USEC

US West Coast ports are set to gradually recover part of the share that they have lost to their East Coast counterparts, with the latest data for May showing their strongest performance since 2021. The West Coast share rose to 54% after dropping to 47% last year, and the resolution off the ILWU contracts in both the US and Canada will pave the way for further normalization.

Ports

Shanghai Port Recorded a 2023 High in June

Shanghai port recorded a 2023 high in June, with container throughput reaching 4.15m teu with volumes following a more normal seasonal pattern after the turbulence in the last 2 years.

Congestion

Congestion Escalates at Canadian West Coast Ports as ILWU Impasse Continues

There has been a gradual build up of ships waiting at the Canadian west coast ports of Vancouver and Prince Rupert as the ILWU Canada impasse stretches into a second week, with the total capacity of ships at the Puget Sound/British Colombia anchorages hitting 113,500 teu as at 9 July - the highest level since October 2022 but still well below the peak of over 300,000 teu recorded in early 2022. The situation remains fluid with more vessel diversions to US ports planned over the coming week. The

Ports

Container Volumes Recover Slightly in May, Led by India and Singapore

Container volumes recovered slightly in May, with flash estimates showing a 1.4% month-on-month increase over April although it is still 1.6% lower compared to the same month last year. Year to date growth remains negative at -1.8% over the first 5 months of the year. The Indian sub-continent was one of the key bright spots with May volumes up 9.8% yoy. The 2 main Indian ports of Mundra and Nhava Sheva both recorded healthy volumes with YTD volume growth reaching 8.0% and 6.3% respectively. S

Port Congestion

ILWU and PMA Reach Tentative Agreement for USWC

The International Longshore and Warehouse Union (ILWU) have reached a tentative agreement with the PMA on 14 May 2023 on a new 6 year contract covering all 29 ports along the US West Coast, ending 13 months of negotiations that was marked by sporadic work actions by the port workers. The deal will still need to be ratified by the members in a process that would stretch over several months but it has helped to avert a catastrophic shutdown of port facilities in the US West Coast. The ILWU fai

Ports

Shanghai port throughput rebounds from Covid low in 2022

Shanghai reported total container volumes of 4.10m teu in May, for its strongest monthly performance so far this year. Although the May volumes were 20.5% higher than the corresponding period last year, the large increase was due to the 2-month COVID-19 lockdown in April and May 2022 which dragged down Shanghai’s volumes last year. YTD volume growth for the first 5 months of the year reached 4.4% but volumes remain well below the 2022 monthly peak of 4.35m teu. In the India subcontinent, Nhava

Port Congestion

Waiting Time Outside USWC Ports Largely Under Control

US west coast ports remain open despite the work actions taken by the ILWU last week, with the build up of vessels waiting at west coast anchorages largely under control. Although the Pacific Maritime Association (PMA) said that cargo operations at the port of Seattle were shut down on 9 and 10 June, this was disputed by the ILWU. Port productivity at Seattle and Tacoma have slowed with over the past week with port stays extended by several days and vessel berthing delays continuing although t

© 2023 Linerlytica (ver. 1.0.16). All rights reserved.
Liner Analytics Pte. Ltd.