2022 has been a historic year for the ports of the USA, with ports struggling to keep up with the post-pandemic surge in demand. The country saw its highest container import volumes across all ports in May. However, the past few months have seen a sharp decline in container imports to the country.
Status Of Port Congestion In The USA
In this report, we examine the container vessel situation in US ports over the past two months.
Vessel Delay (Waiting time at anchorage)
In the month of October, ports across the country saw a decline in congestion. Ports in the East Coat still seem to be struggling to keep up with the surge in container volumes, with the Ports of Houston and Savannah still seeing a median of 100+ hours waiting at anchorage.
On the other hand, the west coast ports experienced little to no congestion as Asian imports shifted to the east coast. Both Port of Long Beach and Port of Los Angeles, two of the largest ports on the West Coast, saw a median wait time between 0-1 hour.
Vessel Dwell Time (Port Stay)
The vessel dwell time can be defined as the time a ship spends at the port securing the vessel, discharging or loading cargo, and other activities.
The US’s container ports showed a decrease in vessel dwell times over the last month, with the Ports of Houston and New York seeing the most significant decrease of more than 30%.
Congestion in US ports seems to be easing, with vessel waiting times at both ports and anchorages decreasing. This trend is resulting from a combination slowdown in Chinese exports and retailers and shippers being more cautious about the demand outlook.
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