Worse-for-longer on west coast as Hapag-Lloyd identifies ongoing challenges — Panjiva
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Worse-for-longer on west coast as Hapag-Lloyd identifies ongoing challenges

Corp - Ports 880 Corp - Shipping 976 Mode - Containerized 1468 Mode - Seaborne 1801 U.S. 5317

Hapag-Lloyd’s latest status update for container shipping into the U.S. indicates few improvements for west coast ports with an increase in vessels at anchor outside the ports of LA and Long Beach. The firm also notes that under their “current projections the congestion is expected to last until through the summer”. Demand for shipping remains elevated with imports to U.S. west coast ports reaching 42,575 TEUs in the first 20 days of May, down by just 1.1% versus April and 4.9% versus March. Hapag-Lloyd experienced a 2.7% sequential rise in inbound shipments in May while shipping handled...

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