Asian Imports at an All Time Low

Imports from Asia are at an all-time low. Dropping an average of 31.3 percent year over year. Retailers are forecasting less imports to deal with the inventory overhang. February’s imports were the lowest since 869,091 TEU in March 2020, according to PIERS, a sister product of the Journal of Commerce within S&P Global. Retailers hope the decline will taper at the end of August as shopping season peaks.

Source: JOC


Featured News at a Glance

Panama Canal Pileup due to Drought Conditions

Panama officials enacted water conservation measures in July due to drought that's causing major pileup in the Panama Canal global shipping route.

Read More

Tentative deal reached between ILWU and US West Coast Ports Employers

Late Wednesday, ILWU and Maritime employers reached a tentative agreement on a 6-year long contract covering all 29 US West coast ports

Read More

Indian Ports Are Maxed Out

Due to equipment upgrades in port and cyclones hitting the coast, India's ports are experiencing a bottle neck at limited open ports. Carriers calling on the west coast of India are dealing with major service reliability challenges amid a severe port capacity strain in the busy trade corridor.

Read More

Slowdowns and delays this week

Seattle port shutdown due to low productivity/ crane failure. Los Angeles and Long Beach Port terminal labor strike are causing delays and vessel backup.

Read More