Break bulk recovery proves elusive as vehicle imports languish

Cons. Discr. - Autos 982 Corp - Shipping 840 Industrials - Capital Goods 488 Mode - Bulk 122 Mode - Seaborne 1637 U.S. 4748

The vehicle and construction equipment shipping services sector had a challenging 2020 and is only just starting to recover. Wallenius Wilhelmsen is bringing nine of its 16 vessels out of cold layup but “maintains its cautious volume outlook” while Grimaldi is due to take delivery of three new vessels. Underlying demand may be picking up with U.S. auto sales and imports of industrial machinery rising in December. However, U.S. seaborne imports of autos and construction equipment to the U.S. in December were still down by 8.9% year over year after a 42.0% fall a month earlier, led by a co...

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