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A STREAK of year-on-year record cargo volumes at Port of New York and New Jersey has ended after 26 months.<\/p>\n
The port handled 792,548 teu in October, a slight drop of 0.5% from the year-earlier period, and 5.9% lower than September.<\/p>\n
But it remained the busiest in the US, overtaking the ports of Los Angeles and Long Beach for a third consecutive month.<\/p>\n
New York and New Jersey\u2019s overall throughput is up 10.6% year to date, while imports are up 10.4% through September (the port has not yet published a breakdown of October figures). However, a shrinking vessel backlog suggests that volumes in the port might be cooling.<\/p>\n
Other ports on the east coast have also reported strong figures. After Hurricane Ian reduced the port of Savannah\u2019s throughput in September, it rebounded with its second strongest month on record in October.<\/p>\n
The ports of Houston and South Carolina had their best Octobers on record, and Virginia\u2019s throughput was just 30 teu off its October 2021 record. Moreover, in contrast to the port of New York and New Jersey, October throughput at Savannah, Houston, Virginia, and South Carolina rose from September.<\/p>\n
Combined, New York and New Jersey and Savannah \u2014 the two largest east coast ports \u2014 handled slightly more cargo than the San Pedro Bay ports, which traditionally dominate US cargo throughput.<\/p>\n
The recent milestone illustrates the headwinds from the protracted west coast labour negotiations that led shippers to increasingly divert cargo eastwards. Imports from China to Los Angeles and Long Beach in October were down 48.0% and 31.6% year on year, respectively, according to supply chain and logistics software provider Descartes.<\/p>\n
Despite the strong throughput figures, the broader trend of declining import volumes in the US could be catching up with the east and Gulf coast ports. Imports across the ports have grown by an average of 10.3% so far this year, but presented a mixed picture in October.<\/p>\n
While Houston and Charleston recorded double-digit year on year growth, Savannah\u2019s imports rose by a modest 1.2% despite the rebound from September, and Virginia\u2019s imports declined for a second consecutive month.<\/p>\n
In addition, the vessel congestion that has impacted the east and US Gulf coasts ports for months is easing, as the National Retail Federation and Hackett Associates project that November imports in the US\u2019 top 10 biggest ports will be down 9% year on year, dropping below 2m teu for the first time since February 2021.<\/p>\n
The average number of vessels anchored in the port of New York and New Jersey is down to three after settling in double digits throughout September.<\/p>\n
In Houston, the backlog this week was down to single digits after nearing 30 ships in mid-September, Lloyd\u2019s List Intelligence data shows. Port executive director Roger Guenther said there has not been \u201cany slowing in Houston in recent months\u201d. The port plans to implement a container dwell fee early next year to improve cargo fluidity.<\/p>\n
Savannah remains the US\u2019 most congested port. Its executive director, Geoff Lynch, said the number of ships anchored is trending downward.<\/p>\n
Lloyd\u2019s List Intelligence data showed the backlog consists of about 25 boxships on November 28 after lingering above 30 for much of the past few months.<\/p>\n
Source: The Lloyd\u2019s List<\/p>\n","protected":false},"excerpt":{"rendered":"
A STREAK of year-on-year record cargo volumes at Port of New York and New Jersey has ended after 26 months. The port handled 792,548 teu in October, a slight drop of 0.5% from the year-earlier period, and 5.9% lower than September. But it remained the busiest in the US, overtaking the ports of Los Angeles …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[78],"tags":[83],"class_list":["post-2238","post","type-post","status-publish","format-standard","hentry","category-news","tag-us-ports"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/posts\/2238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/comments?post=2238"}],"version-history":[{"count":1,"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/posts\/2238\/revisions"}],"predecessor-version":[{"id":2240,"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/posts\/2238\/revisions\/2240"}],"wp:attachment":[{"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/media?parent=2238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/categories?post=2238"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/tags?post=2238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}