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Ports
US ports see slowdown from last year but imports remain high
Date:2022-04-12 Readers:
MAJOR US ports have begun to catch up with the backlog of cargo seen over the past several months, but could experience another surge this summer, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates.

"As we entered 2022, the biggest question was when the supply chain would return to normal," said NRF vice president Jonathan Gold. "Congestion at west coast ports has eased, but congestion at some east coast ports is growing. Ports aren't as overwhelmed as they were, but they are still moving near-record volumes."

Ports covered by Port Tracker handled 2.11 million TEU in February, the latest month for which final numbers are available. That was down 2.3 per cent from January, but up 13 per cent year on year.

Hackett Associates founder Ben Hackett said volumes remained high in February despite factories in parts of Asia closing for Chinese New Year because US ports were able to handle cargo from ships already waiting for a berth.

"With west coast ports still congested, there were still plenty of containers to be unloaded," Mr Hackett said. Similarly, the current near-shutdown of Shanghai because of the Covid crisis means fewer ships are leaving China and "the wait on that side of the Pacific will help reduce the pressure of vessel arrivals at Los Angeles-area terminals."

But an influx of vessel arrivals following the resumption of normal operations in China could result in renewed congestion, he said.

The first six months of 2022 are expected to total 13.1 million TEU, up 2.5 per cent year on year. Imports for all of 2021 totalled 25.8 million TEU, a 17.4 per cent increase over 2020's previous annual record of 22 million TEU.

Port Tracker covers Los Angeles/Long Beach, Oakland, Seattle and Tacoma on the west coast; New York/New Jersey, Port of Virginia, Charleston, Savannah, Port Everglades, Miami and Jacksonville on the east coast, and Houston on the Gulf Coast.

https://www.shippingazette.com/menu.asp?encode=eng

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