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News / Ocean Market

153 SHIPS STUCK IN QUEUES OFF NORTH AMERICAN PORTS

Port congestion had finally looked like it was easing in May and early June, ship queues had reduced to double digits. As of June 10th, there were 92 vessels held up offshore, led by 25 at the Savannah port, Georgia with 25, 20 off Los Angeles/Long Beach, 18 off New York/New Jersey, and 14 off Houston. Quickly, port congestion escalated to near record highs. On July 8th rising to 125 vessels and showing no signs of stopping, by July 19th 140 vessels were waiting offshore.

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IMPORTS TO SEE DOUBLE-DIGIT ANNUAL DECLINES EVEN AS STORES BEGIN TO REOPEN

Source:  National Retail Federation Press Release – May 8, 2020

Imports at major U.S. retail container ports are expected to see double-digit year-over-year declines this spring and summer as the economic effects of the coronavirus pandemic continue, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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ESTIMATED MARCH IMPORTS HIT FIVE-YEAR LOW, DECLINES EXPECTED TO CONTINUE AMID PANDEMIC

Source:  National Retail Federation Press Release – April 7, 2020

Estimates show that imports at major U.S. retail container ports dropped to their lowest level in five years in March, and imports are projected to remain significantly below normal levels through early summer as the coronavirus pandemic continues, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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CORONAVIRUS IMPACT ON IMPORTS EXPECTED TO BE LARGER AND LAST LONGER THAN PREVIOUSLY EXPECTED

Source:  National Retail Federation Press Release – March 9, 2020

The coronavirus outbreak is expected to have a longer and larger impact on imports at major U.S. retail container ports than previously believed as factory shutdowns and travel restrictions in China continue to affect production, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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FEBRUARY RETAIL IMPORTS TO SEE LARGER DROP AMID CORONAVIRUS

Source:  National Retail Federation Press Release – February 10, 2020

With coronavirus causing longer Lunar New Year shutdowns of factories in China, imports at major U.S. retail container ports are expected to see a sharper-than-usual drop this month, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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RETAIL IMPORTS SETTLING DOWN AFTER YEAR OF TARIFF SURGES

Source: National Retail Federation Press Release – January 10, 2020

 After a year of fluctuations driven by the uncertainty of the trade war with China, volume at the nation’s major retail container ports is expected to return to its usual seasonal patterns during the first few months of 2020, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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Retail Imports Surged in November Ahead of December Tariffs

Source: National Retail Federation Press Release – December 9, 2019

Volume at the nation’s major container ports bumped up significantly in November as retailers imported merchandise ahead of new tariffs set to take effect this month, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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Retail Imports to See Final Tariff-Driven Surge of the Year

Source: National Retail Federation Press Release – November 8, 2019  

Imports at the nation’s major retail container ports are expected to see their final surge of the year this month ahead of new tariffs set to take effect in December, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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Retail Imports to See Surge Ahead of December Tariffs

Source: National Retail Federation Press Release October 9, 2019

Imports at the nation’s major retail container ports are expected to hit their highest level of the year again next month, just before more tariffs take effect in December, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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Retail Imports Surging Again Ahead of More Tariffs

Source: National Retail Federation Press Release – September 10, 2019

Imports at the nation’s major retail container ports reached unusually high numbers just before new tariffs on goods from China took effect September 1, and are expected to surge again before another round of tariffs takes effect in December, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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