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

MASSIVE GROWTH IN MASSPORT’S HANDLING OF CONTAINERS

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.

MSC’S DOWNTURN OFFSET BY INCREASED SHIPMENTS FROM HAPAG-LLOYD

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

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