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Ocean carriers have become adept at reducing capacity on an ad hoc basis when cargo volumes drop, and this operating strategy could reach a new level next month during the annual Chinese New Year celebration. With indications that factories in Asia will begin closing in early February and remain shut for as long as three [...] 
Long Beach is operating with six cargo terminals instead of the seven it had before California United Terminals left in late 2010 to move into the Port of Los Angeles. Long Beach officials said the lost terminal, which is a subsidiary of Hyundai, represented about 10% of the port’s cargo traffic. The ports of Los [...] West Coast ports handled 7 percent more loaded containers in March compared to the same month last year, according to numbers published on the Web site of the Pacific Maritime Association. Containerized imports surged 11 percent year-over-year in March, partly because of the timely of the Chinese New Year celebration each year. The Lunar New [...] Containerized imports at the Port of Seattle increased 5 percent in March over the same month last year. Exports were up even more, increasing 8.3 percent over March 2011. U.S. imports from Asia were generally down in February due to the closure of factories for the annual Chinese New Year celebration. The solid rebound in [...] In the US, the Port of Los Angeles has revealed that imports increased 9.3 per cent to 324,758 TEU containers during March, up from 297,023 TEUs during the same month of 2011. According to the Port, the year-on-year increase in imports reflects a surge in volume following the Chinese New Year break. Exports dropped by [...] Steep declines in imports of furniture, toys and footwear in February helped pushed U.S. containerized imports down 5.8 percent year-over-year, the first decline in four months. An early Lunar New Year shutdown of factories in China exacerbated the year-over-year import loss, but the 18.6 percent month-to-month decrease still suggests weakening volume. Overall U.S. containerized imports [...] Maersk Line has suspended bookings on its North Europe-to-Asia services effective immediately as it battles to clear up a backlog of containers at clogged European container terminals. Maersk said it expects to accept bookings again in early May after it has tackled an unprecedented buildup of cargo caused by consecutive vessel cancellations following the Chinese [...] Spot freight rates on the trans-Pacific and Asia-Europe trade lanes may not recover to sustainable levels from their three-month long slide until the peak season demand in the third quarter of this year, according to BIMCO, the independent shipping association in Copenhagen. BIMCO said in a bulletin issued Thursday that carriers should consider idling some [...] Imports in Long Beach declined 7.5 percent while imports in Los Angeles were up 10.2 percent. Container volume at the Port of Los Angeles in March increased 9.2 percent over March of 2010 while neighboring Long Beach reported a 2.5 percent decrease in total container volume. Exports outperformed imports at both ports, foreshadowing what is [...] The Journal of Commerce recently reported that: Cargo volume normally drops off during the Chinese New Year celebration in Asia and for some weeks afterward as factories reopen and build back production. The harbor is still seeing slow container throughput nearly two months after the Chinese New Year on Feb. 3. Eight of the [...] |
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