8.9 C
Shanghai
Monday, April 6, 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 -your ad here

Latest Posts

MABUX bunker index – 3 April

The members of Organization of the Petroleum Exporting Countries (OPEC) have not achieved to agree on an emergency low-level meeting to discuss a market...

Konecranes receives reach stackers record-order

Konecranes won its largest-ever reach stacker contract, for 39 units,from German distributor Richter Fördertechnik GmbH & Co. KG, in March 2020. Deliveries for the Konecranes...

MSC suggests short sea shipping solution

MSC says its short sea services in Europe can help meet any present and future domestic and foreign trade demands, especially as Covid-19 crisis...

Major shipping carriers update schedules due to pandemic crisis

The largest container shipping companies continue to update their schedules, as they are forced to make service adjustments and omit many sailings. As the coronavirus...

Wuhan’s container ports return to normal operations

Container ports in the Chinese city of Wuhan have fully resumed operations, as movement restrictions are gradually lifted in the original Covid-19 epicentre. Wuhan International...