July was THE record month for the port of Houston, TX.
297,621 TEUs in July.
With that number, Houston, TX even exceeded their previous record month, March 2021, by more than 73,000 TEU!
Auto Imports surged on YoY of a stunning 78% up to 12,174 tons.
According to freightwaves, U.S. Census Bureau and WorldCity, the largest trading partner of Houston, TX was China with USD 7,46 billion in the first months of 2021 (import and export combined)
“Ningbo Port’s Meishan Island International Container Terminal (MSICT) has nearly returned to normal operations, after a Covid-19 infection halted operations there on 11 August. French liner operator CMA CGM said in a customer advisory on 24 August that MSICT has been resuming partial operations since 18 August. “We expect a gradual return to full operations in the coming weeks,” noted the Marseille-based carrier.”
“Looking to Ningbo and Vietnam, where there are current lockdowns, average container prices at Ho Chi Minh City jumped from $2,872 in May to $4,875 in August. For Ningbo where Meishan Island International Container Terminal (MSICT) suspended operations from 11 August Container xChange said it had seen early indicators of an increase in container prices. Average August prices have climbed to $5,731, up from $5420 in June.”
“More than 90% of HMM’s seafaring union members voted to strike on Sunday and, if a resolution is not reached, the 453 union members are threatening to resign en masse tomorrow and apply to join Swiss-Italian rival MSC.”
“Exports from the top ten US container ports slumped by 8.3% in July, compared with the same month of 2020, to 763,619 teu, while imports gained 14.3% to 2,096,076 teu, according to data from Blue Alpha Capital. The New York-based consultant said the divergence between import and outbound volumes at US ports had widened last month to a new record ratio of 2.75x, compared with a 2.19x average in 2020 and 1.85x for 2019.”
“Freighter suspensions that began Friday remain in effect at Shanghai Pudong International Airport after the Shanghai Health Commission reported five new COVID-19 cases among cargo workers. One of the airport’s terminals, PACTL, closed due to the new cases, with around one-third of flights out of PVG airport affected, according to Ligentia. Before the closure took place, Shanghai Pudong airport was only operating at 33% capacity due to China’s quarantine measures.”
Comparison between the most important WC gateway SEA/LGB ports!
The Port of Seattle is less busy and few vessels are docking near the terminal compare to LGB terminals.
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“Today’s map shows 48 boxships waiting at Ningbo-Zhoushan and a percentage of 65% of vessels waiting versus in port. Shanghai is inching upwards, at 52%, and Yantian (68%), Hong Kong (55%) and Shekou/Chiwan (67%) are also on an upwards trend. Busan, usually quite low, is now at 70%, with 14 vessels waiting outside.”
“Alliance networks operating between Asia and North Europe are experiencing delays of up to a month due to worsening port congestion at both ends of the tradelane. Asia-North Europe loops with a pro-forma round-trip transit time of around 75 days are now taking 100 or more, with carriers obliged to juggle schedules at the last minute. According to a Maersk advisory, vessel wait times at Antwerp are already up to 10 days, with lesser – albeit significant – delays impacting all North European hub ports.”
“Walmart is chartering ships to ensure it has enough freight capacity to meet demand for peak season, executives said on the company’s earnings call Tuesday. The decision came amid a lack of capacity in the ocean shipping market. The retailer’s out-of-stock levels are higher than normal due to high sales levels and supply chain constraints, CFO Brett Biggs said, without outlining what normal levels look like for the retailer. Walmart’s suppliers are also adding longer lead times to their orders to help Walmart to better plan its inventory, Biggs said.”