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...
Supply Chain Research
Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.