THE PORT of New York and New Jersey has remained the US\u2019 busiest seaport in November, recent figures from the port show.<\/p>\n
Despite throughput falling 4.8% year on year, the east coast gateway handled 20.6% more cargo than in in November 2019, and 13.1% more than the port of Los Angeles, which ranked second nationwide.<\/p>\n
Moreover, with one month left in 2022, the port handled almost 19% more cargo than it did in all of 2019, highlighting its extraordinary growth since the onset of the COVID-19 pandemic.<\/p>\n
From August to November, the ports of Los Angeles and Long Beach saw imports drop 23.8% and 16% respectively from the year-earlier period. Year to date, imports to the ports declined 9.8% and 2.5% respectively.<\/p>\n
In contrast, despite two consecutive months of declining volumes, the port of NY & NJ handled 4.6% more cargo between August and November than the same period last year, and volumes have increased by 8.1% so far this year.<\/p>\n
US import volumes have been declining from their 2021 highs in the last few months, and November\u2019s figures came within 2.8% of 2019 levels, according to the latest report by supply chain and logistics software provider Descartes.<\/p>\n
However, the declines haven\u2019t been distributed evenly across US ports, and those on the west coast \u2013 where dockworkers have been working without a contract since July \u2013 have borne most of the brunt.<\/p>\n
The unresolved labour situation led many shippers to divert cargo eastwards, but an early peak season that led inventories to fill up well ahead of the holidays also took a toll on cargo volumes in the San Pedro Bay.<\/p>\n
Defying the nationwide trend, import volumes to east coast ports had maintained year on year growth until recently. But as overall import demand fell, so did the rate of import growth, and aggregated import volumes across the four largest east coast ports declined by 0.2% in October, the first such year on year contraction in 2022.<\/p>\n
Imports across the major east coast ports that have reported November totals – Savannah, Virginia, and Charleston – are down 12.7% year on year. November import figures for the port of NY & NJ are not yet available, but they are expected to come in lower than the year-earlier period.<\/p>\n
On the Gulf coast, the port of Houston maintained its remarkable growth streak in November, the only major US port where imports increased year on year, although the rate of growth dipped below double digits for the first time since February 2021.<\/p>\n
As imports slow down, port congestion and vessel backlogs continue unwinding. Lloyd\u2019s List Intelligence data shows about 32 boxships anchored outside the ports of NY & NJ, Savannah, Houston, Virginia, and Charleston as of mid-day December 29; that figure stood at almost 100 in September.<\/p>\n
Source:<\/p>\n
Raanan, T. (2022, December 30). Port of NY & NJ retains top spot amid nationwide import slowdown<\/i>. Lloyd’s List. Retrieved January 3, 2023, from https:\/\/lloydslist.maritimeintelligence.informa.com\/LL1143446\/Port-of-NY–NJ-retains-top-spot-amid-nationwide-import-slowdown<\/p>\n THE PORT of New York and New Jersey has remained the US\u2019 busiest seaport in November, recent figures from the port show. Despite throughput falling 4.8% year on year, the east coast gateway handled 20.6% more cargo than in in November 2019, and 13.1% more than the port of Los Angeles, which ranked second nationwide. …<\/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":[84,83],"class_list":["post-2493","post","type-post","status-publish","format-standard","hentry","category-news","tag-maritime","tag-us-ports"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/posts\/2493","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=2493"}],"version-history":[{"count":4,"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/posts\/2493\/revisions"}],"predecessor-version":[{"id":2564,"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/posts\/2493\/revisions\/2564"}],"wp:attachment":[{"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/media?parent=2493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/categories?post=2493"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ems.cohesionfreight.com.hk:8080\/wordpress\/wp-json\/wp\/v2\/tags?post=2493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}