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Savannah surge likely to continue to 2022 as Walmart leads CMA CGM higher

Corp - Ports 858 Corp - Shipping 939 Mode - Containerized 1426 Mode - Seaborne 1762 U.S. 5211

An increasing number of logistics firms appear to expect current disruptions to shipping to continue into 2022. The most recent is the Executive Director of the Georgia Ports Authority (GPA), Griff Lynch, who has stated elevated demand could continue “up to Chinese New Year, and there’s a lot of indications now that it could go beyond that”. Imports to GPA’s Savannah port operations climbed 32.6% year over year in June though it has declined by 9.7% from its March peak of 8,243 TEUs per day. The scaling back from the peak has been due to fewer shipments by Yang Ming and Ocean Network Exp...

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