US imports at major box ports forecast to surge 7.4pc in first half...

US imports at major box ports forecast to surge 7.4pc in first half 2017

THE US' major retail container ports handled more than 1.67 million TEU in January, which is 6.5 per cent more than the previous month and 12.5 per cent more than January 2016.

19 March 2017 - 20:00 - Update: 19 March 2017 - 21:40

According to the latest release of the monthly monitoring of the Global Port Tracker report, analysts at Hackett Associates forecast that in February the container turnover of the ports will be 1.61 million TEU, which represent an increase of 4.2 per cent year over year.

The throughput in March is expected to reach 1.46 million TEU (+10.6 per cent yoy), in April - 1.59 million TEU (+ 0.1 per cent yoy), in May - 1.67 million TEU (+2.9 per cent yoy), in June - 1.66 million TEU (+5.5 per cent yoy) and in July - 1.71 million TEU (+5.2 per cent yoy).

If these forecasts are confirmed, the container turnover of the largest US ports for the first half of the year will grow by 7.4 per cent yoy to 9.7 million TEU. Such growth rates are more than four times higher than last year's increase of 1.6 per cent yoy, the Maritime Herald reported.

Hacket Assiciates estimates that import cargo will continue to grow dynamically in the coming months, despite the fact that Washington is discussing the introduction of customs duties and taxes, which is due to rising consumer spending and replenishment of retailers' stocks in the run-up to the spring and summer seasons.

The report emphasised that the possibility of introducing customs duties, withdrawing from the Trans-Pacific Partnership and the possible revision of the terms of the NAFTA (North American Free Trade Agreement) are serious risk factors. However, in spite of these fears, trade is growing.

The ports covered by the report are: Los Angeles/Long Beach, Oakland, Seattle, Tacoma, New York/New Jersey, Hampton Roads, Charleston, Savannah, Port Everglades, Miami and Houston.




This news 223 hits received.


  • 0 Comment
No comments added yet. Be the first to comment..