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June Imports Grow 5.9% at Top 10 U.S. Ports

June Imports Grow 5.9% at Top 10 U.S. Ports

Imports to the top 10 U.S. ports grew by 5.9% year-on-year (y/y) to 2.16 million twenty-foot equivalent units (TEUs) in June despite recessionary concerns, according to The McCown Report. The growth has exceeded the 3% y/y gain in May and 5.1% gain in April.

Nine of World’s top 20 Container Ports Forecastedto be in China at end of 2022

Nine of World’s top 20 Container Ports Forecasted
to be in China at end of 2022

Of the world’s top 20 container ports, nine ports will be in China by the end of 2022, according to a forecast report published by the Chinese Academy of Sciences (CAS). The forecast quoted by the China Science Daily added that many of China’s container ports have a growing demand for shipping services, especially in Ninbo-Zhoushan, Qingdao, and Tianjin ports.

USA FR8LEAD EXPORT & IMPORT SERVICE DELAYS

USA FR8LEAD EXPORT & IMPORT SERVICE DELAYS

Vessels continue to be pushed further off the proforma schedule causing blank sailings, and the continuous increase of import volume within the past two years has affected operations in almost all areas of the country, creating delays

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