Boston’s Been Growing as Harbor Spending Plan Gathers Pace — Panjiva


Boston’s Been Growing as Harbor Spending Plan Gathers Pace

Corp - Ports 661 Corp - Shipping 608 Mode - Containerized 1005 Mode - Seaborne 1273 U.S. 3297

The Massachusetts Port Authority has secured an additional $35 million in grants from the federal government to help deliver its $350 million harbor expansion project in Boston, American Journal of Transport reports. That’s just one of a series of such projects, discussed in Panjiva’s research of Mar. 29 that are a response to expanding international trade as well as continued congestion at key ports.

Panjiva analysis of official data shows Boston’s total container handling climbed 10.8% year over year in 2018 after an 8.1% annualized growth in the prior three years. That’s been largely driven by a 12.8% surge in imports in 2018, though activity has slowed at the start of 2019.


Chart segments container handling through Port of Boston by direction. Calculations based on MassPort data.   Source: Panjiva

Much of the growth in inbound freight has come from second tier container-lines. Panjiva data shows that inbound shipments by Hapag-Lloyd climbed 116.5% year over year in 2018, though that still left the liner in fourth place by scale.

There was also a rapid growth in handling by Yang Ming, which rose 55.5%, and Evergreen which surged 43.9%. Those more than made up for a 9.4% drop in shipments by MSC – by far the largest liner serving the port – as well as an 8.6% slide in shipments by Ocean Network Express.


Chart segments inbound container handling at the port of Boston by container-line.   Source: Panjiva

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