EAST coast and Gulf coast imports helped inbound volumes rise 2.9 per cent in May across the top 10 us ports, while outbound container volume dropped for the 12th month straight, reports Colchester's Seatrade Maritime News.
May saw 2,287,801 TEU inbound compared to a previous high of 2,230,919 TEU set in March 2022.
'In May, the overall 2.9 per cent inbound gain resulted from countervailing coastal changes,' said Blue Alpha Capital founder John McCown.
'East/Gulf coast ports growth of 11.9 per cent was below April's gain of 14.6 per cent but above the 6.6 per cent increase in March. In contrast, west coast ports decreased 4.6 per cent, continuing a downtrend from a 3.4 per cent decrease in April and a 0.6 per cent increase in March.'
'Only two of the last 27 months have shown year over year increases in overall outbound volume,' said Mr McCown.
'These months were April and May of last year when the year over year comparisons benefited from the initial volume declines at the onset of the pandemic.'
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May saw 2,287,801 TEU inbound compared to a previous high of 2,230,919 TEU set in March 2022.
'In May, the overall 2.9 per cent inbound gain resulted from countervailing coastal changes,' said Blue Alpha Capital founder John McCown.
'East/Gulf coast ports growth of 11.9 per cent was below April's gain of 14.6 per cent but above the 6.6 per cent increase in March. In contrast, west coast ports decreased 4.6 per cent, continuing a downtrend from a 3.4 per cent decrease in April and a 0.6 per cent increase in March.'
'Only two of the last 27 months have shown year over year increases in overall outbound volume,' said Mr McCown.
'These months were April and May of last year when the year over year comparisons benefited from the initial volume declines at the onset of the pandemic.'
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