Post-Florence Bounceback Possible in Norfolk as Imports Remain Resillient — Panjiva
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Post-Florence Bounceback Possible in Norfolk as Imports Remain Resillient

Corp - Ports 663 Corp - Shipping 610 Mode - Containerized 1006 Mode - Seaborne 1275 Theme - Disasters 60 U.S. 3306

Container handling through ports in Virginia, led by Norfolk, fell 7% on a year earlier in September due to the effects of Hurricane Florence early in the month. That slide was due mostly to exports – perhaps reflecting disruptions in regional supply chains – though a modest 1% fall in imports suggests resilience at the port and the potential for a rebound in October. Among the major container-lines Ocean Network Express actually saw a 36% rise in volumes due to the implementation of new services. The widening tariff spat between China and the U.S. should have a minimal effec...

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