Savannah’s Slide a Portent of Worsening U.S. Trade Performance — Panjiva


Savannah’s Slide a Portent of Worsening U.S. Trade Performance

Corp - Ports 661 Corp - Shipping 608 Mode - Containerized 1005 Mode - Seaborne 1273 U.S. 3297

Container handling at the port of Savannah and surrounding area dropped 8.5% year over year in February, snapping a 27 month streak of growth. The decline was led by a 12.8% slump in exports while imports also fell 5.8%. All the major container-lines saw a decline in performance. Hapag-Lloyd did worst with a 22.0% drop in containerized freight imports while Ocean Network Express saw a decline of just 1.2%. The decline in Savannah has also been seen in the other major U.S. port complexes aside from Houston. Exports across the eight ports tracked by Panjiva dropped by 10.6% year over year ...

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