2021 is expected to be a busy year after volumes quickly rebounded from the Covid crisis as total container imports across the US Southeast jumped 8.6 per cent in October 2020, reports IHS Media.
The numbers refer to the eight busiest container ports in the region: Baltimore, Charleston, Everglades, Jacksonville, Miami, Norfolk, Savannah, and Wilmington. Previously, total laden imports across the same ports were down 19.2 per cent in May.
Meanwhile, US$850 million in capital expenditures across the region will be focused on allowing terminals to handle multiple 14,000-TEU vessels.
The capital expenditures also include the completion of dredging projects, rail yards, berth improvements, new ship-to-shore cranes, and the opening of a new terminal at one port
The project to improve shipper experience is focused on Charleston, South Carolina; Norfolk, Virginia; and Savannah, Georgia.
The current upward trends primarily depend on trade with China and if South Korea will grow or shrink in 2021.
The main talking point being that 55 per cent of all imports into the Southeast are from Asia, with 43 per cent from Northeast Asia, and 10 to 12 per cent from Southeast Asia.
Another factor will also be a result of consumer demand for polypropylene from polyethylene plastics to supply work for new factories online in South Carolina and Georgia.
Lastly, there remains a point if Southeast ports will complete the critical infrastructure upgrades to handle large container ships on time.
SeaNews Turkey
The numbers refer to the eight busiest container ports in the region: Baltimore, Charleston, Everglades, Jacksonville, Miami, Norfolk, Savannah, and Wilmington. Previously, total laden imports across the same ports were down 19.2 per cent in May.
Meanwhile, US$850 million in capital expenditures across the region will be focused on allowing terminals to handle multiple 14,000-TEU vessels.
The capital expenditures also include the completion of dredging projects, rail yards, berth improvements, new ship-to-shore cranes, and the opening of a new terminal at one port
The project to improve shipper experience is focused on Charleston, South Carolina; Norfolk, Virginia; and Savannah, Georgia.
The current upward trends primarily depend on trade with China and if South Korea will grow or shrink in 2021.
The main talking point being that 55 per cent of all imports into the Southeast are from Asia, with 43 per cent from Northeast Asia, and 10 to 12 per cent from Southeast Asia.
Another factor will also be a result of consumer demand for polypropylene from polyethylene plastics to supply work for new factories online in South Carolina and Georgia.
Lastly, there remains a point if Southeast ports will complete the critical infrastructure upgrades to handle large container ships on time.
SeaNews Turkey