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

Coronavirus 511 Corp - Ports 894 Corp - Shipping 997 Mode - Containerized 1495 Mode - Seaborne 1823 U.S. 5354

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 effect given Chin...

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