9 C
Sunday, July 12, 2020
Home Port News NWSA container volume shrinks due to COVID-19

NWSA container volume shrinks due to COVID-19

The Northwest Seaport Alliance’s total container volume for February 2020 was 260,932TEU, a 3.1% decrease from February 2019. However, exports increased 4.5%, while imports declined 8%.

In addition to the COVID-19 virus outbreak, tariffs continued to impact overall volumes. The NWSA saw a build-up in inventories from late 2018 through to early 2019 and weak demand in February 2019, making year-on-year comparisons for the month difficult.

“We anticipate March 2020 volumes will be deeply impacted by the COVID-19 virus, contributed by the increased ship cancellations in 2020,” said NWSA in its announcement.

Total container volumes for the first two months in 2020 were 524,749TEU, an 11.9% decline compared to the previous year. Imports and exports declined 15.1% and 11.9%, respectively.

Domestic container volumes for February 2020 decreased 3.3% in the year-to-date compared to 2019. Alaska’s volumes for this calendar year were down 5.2%, while Hawaii’s year-to-date volumes were up 5.2%. Hawaii volumes benefited from one additional vessel call this year.

- Advertisment - LR Sustainability Decarbonisation Digital Adverts

Latest Posts

Seafarers in crisis and the support from Maritime Charities

In Seafarer Awareness Week – 6 to 11 July 2020 - Philip Eastell, Founder of Container Shipping Supporting Seafarers, calls for leadership, arguing that...

CMA CGM announces further rate changes out of Asia

Following its rate announcements on the 9 July, CMA CGM has more rate changes from Asia to North Africa, Mediterranean and North Europe, effective...

Maersk urges action to protect seafarers

The world’s largest container ship operator, Maersk Line has added its voice to the call for more action from the authorities following the high-level...

Bunker FFA give hopes to scrubber investors

The current differential in the cost of a tonne of Low Sulphur Fuel Oil (LSFO) and High Sulphur Fuel Oil (HSFO) averages about US$60/tonne,...

Port of Zeebrugge appoints new CEO

Port of Zeebrugge's board of directors appointed Tom Hautekiet as the new chief executive officer (CEO) of the port on 2 July. Tom Hautekiet was...