Asia/US East Coast Shipments Continue to Rise

MarineLink.com
Monday, November 18, 2013
Graph credit Drewry Maritime Research, derived from CTS

The surprising surge in cargo volumes from Asia to the East Coast of North America since July remained strong in September, and even appears to have continued in October says a Drewry Maritime Research analysis.

Eastbound
Shipments from Asia to the East Coast of North America (ECNA) continued to grow impressively in September, reaching 382,000 teu. It brought the total for the peak season quarter up to 1.14 million teu, a startling 18% increase over the same period last year. In turn, this took the year-to-date increase up to 10%, which was significantly better than the West Coast’s 3%. It means that the East Coast’s proportion of the whole trade from Asia to North America reached 26.7% between January and September, compared to 25.2% for the whole of 2012.

The reasons for the gain are unclear, particularly as the East Coast’s freight rate premium has been rising, but presumably relate to ocean carriers’ much improved services via the Suez Canal and higher inland transport costs between West Coast ports and their hinterland. Whatever the reason, Chinese exports to North America are increasing impressively.

Westbound
Trade from the East Coast of North America to Asia remained lacklustre in September, reaching just 166,000 teu. Although this took y-o-y growth in Q3 up to 2%, the year-to-date volume was still 4% less than between January and September 2012. As the corresponding changes from WCNA were 6% and -0.5% respectively, East coast ports clearly lost market share.  Customs data for 3Q 13 is not yet available, so it is not possible to analyse this situation in more detail, although differing cargo mixes could well be partly responsible. More agricultural produce is shipped out of West Coast ports at this time of year.

Drewry's view
Poor economic growth in the US suggests that its surge in imports from Asia between July and October is artificial, and not only related to the peak season, so will be short lived. The implication is that the winter season will be harder than normal for ocean carriers.

Source: Drewry Maritime Research

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Deep Sea Mooring Wins Contract with Repsol

Global energy company Repsol has selected Deep Sea Mooring (DSM) to provide a range of mooring services for their drilling operations on the Norwegian Continental Shelf.

Statoil: New Compressor Means Heightened Production

The new compressor in operation on the Kvitebjørn field in the North Sea from 17 September will increase production there by 220 million barrels of oil equivalent

Specialised Reefer Container Operators can Thrive: DMR

Despite growing competition from container lines, specialised reefer operators can still thrive, according to Drewry’s latest Reefer Shipping Market Annual Review & Forecast,

Ports

India's Coal Imports Causing Port Congestion

Congestion at Paradip expected to ease in a week if rains stop; higher-than-usual congestion at some other ports too. Indian power and steel companies are importing

BMW Opens Vehicle Distribution Center at Baltimore Port

BMW Group celebrated the official opening of its newest Vehicle Distribution Center at the Port of Baltimore yesterday. The facility will serve 96 dealers within

Rotterdam Integrates Safety Research with LNG Training Facility

The Dutch company Falck Risc is becoming the number one expert on LNG safety in Europe. Together with the Unified Fire Department, Falck Risc will draw up guidelines

Container Ships

Specialised Reefer Container Operators can Thrive: DMR

Despite growing competition from container lines, specialised reefer operators can still thrive, according to Drewry’s latest Reefer Shipping Market Annual Review & Forecast,

Chevron To Find Buyers for Hawaiian Refinery

Chevron Corp has hired an investment bank to identify potential buyers of its 54,000 barrel-a-day refinery in Kapolei on the Hawaiian island of Oahu, a company official said.

South Carolina Ports Container Volume Up by 13%

SC Ports Authority reported container volumes up 13 percent fiscal year to date, a strong start to the first two months of the fiscal calendar. The SCPA handled 163,

News

Video: Tuco Marine Debuts Wind Farm Service Boat

Tuco Marine Group of Denmark discloses the newest vessel in the ProZero series of Fast Rescue Boats, Daughter Crafts and Workboats; The New 13m WIND FARM SERVICE BOAT.

Deep Sea Mooring Wins Contract with Repsol

Global energy company Repsol has selected Deep Sea Mooring (DSM) to provide a range of mooring services for their drilling operations on the Norwegian Continental Shelf.

Statoil: New Compressor Means Heightened Production

The new compressor in operation on the Kvitebjørn field in the North Sea from 17 September will increase production there by 220 million barrels of oil equivalent

Logistics

Statoil: New Compressor Means Heightened Production

The new compressor in operation on the Kvitebjørn field in the North Sea from 17 September will increase production there by 220 million barrels of oil equivalent

China's Navy Enters Strait of Hormuz

Bandar Abbas, home of Iran's navy and the main port in the strategically important Strait of Hormuz, is currently hosting two Chinese naval vessels on a five-day goodwill visit,

India's Coal Imports Causing Port Congestion

Congestion at Paradip expected to ease in a week if rains stop; higher-than-usual congestion at some other ports too. Indian power and steel companies are importing

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2308 sec (4 req/sec)