Stay updated on the latest trends and insights in the freight market with Beeontrade's comprehensive weekly market update for October 25, 2023. Subscribe for exclusive tips on freight forwarding and gain valuable knowledge for informed business decisions.

Beeontrade Freight Market Update - Oct 25, 2023

October 25, 2023.png

Greetings!Our objective is to make your shipping experience easier by offering you the latest and most informative details and insights regarding the freight market. We aim to provide accurate and relevant content that brings benefits to your business.We highly value your feedback as we continuously strive to improve the quality of our weekly market updates. We value your thoughts on our current content and encourage you to suggest specific topics that you would like us to cover in more depth.Moreover, we are open to adjusting the style of our updates to better align with your preferences. If there are any ports or regions that we haven't addressed yet but you're interested in, please let us know.We wish to create the most informative newsletter possible. We appreciate your continued readership and subscription, and we thank you for taking the time to provide us with your valuable feedback, which will help us enhance our future performance.

From the Editor’s Desk

<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">As of October 9th, inactive capacity reached a total of 315 ships, equivalent to 1.18 million TEU.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Shipping rates from Shanghai to Europe and the USA are currently high and are not expected to decrease in the near future.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The Port of Long Beach achieved its busiest September ever, handling a total of 829,429 twenty-foot equivalent units (TEUs).</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The surge in cargo activity is due to a demand for holiday-related products and the recent approval of a labor agreement.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">In the third quarter, the 3 major US airlines reported significant revenue growth in their core passenger operations, but their cargo revenues decreased notably.</li></ul>Read on for more in-depth updates.

Key takeaways for the US

Ocean Freight Market Updates

Freight market update - 25 October 2023

Stay informed on the latest developments in the freight market with Beeontrade's comprehensive weekly market update for October 18, 2023. Subscribe for exclusive tips on freight forwarding to enhance your shipping experience.

Beeontrade Freight Market Update - Oct 18, 2023

October 18, 2023.png

<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Recent analysis by Clarksons Research indicates that cargo owners are paying higher prices for shipping their goods in the current decade.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Potential risks for ocean shipping amid Israel-Hamas conflict.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">In September, U.S. container import volumes increased by 0.3% compared to the previous month, totaling 2,203,452 TEUs.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The Baltic Exchange Airfreight Index (BAI) reported a 0.7% increase in the overall BAI for the week ending on October 9, cutting its year-on-year decline to -29.2%, potentially indicating a peak season rebound.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">CMA CGM is allocating $600 million to enhance its recently acquired terminal operations in New York and New Jersey, aiming to increase capacity by approximately 80%.</li></ul>Read on for more in-depth updates.

Freight market update - 18 October 2023

Stay informed on the latest trends and insights in the freight market with Beeontrade's comprehensive weekly update for October 11, 2023. Subscribe to our newsletter for exclusive tips on freight forwarding.

Beeontrade Freight Market Update - Oct 11, 2023

October 11, 2023.png

<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The most recent Global Liner Performance report from Sea Intelligence reveals a 0.9% month-on-month decline in global schedule reliability, which now stands at 63.2%.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The China market has become busier following the Golden Week holiday.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Many small shippers in the US experienced issues with misapplied Demurrage and Detention (D&amp;D) charges during the Covid-19 pandemic.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">European carbon tax surcharges are set to take effect on January 1, 2024, but the exact surcharge amounts for shippers remain undetermined.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The International Air Transport Association (IATA) has reported that global air cargo demand increased year-on-year in August 2023, marking the first growth in 19 months.</li></ul>Read on for more in-depth updates.

Freight market update - 11 October 2023

Stay updated on the latest trends in the freight market with Beeontrade's comprehensive weekly update for October 4, 2023. Subscribe for exclusive tips on freight forwarding.

Beeontrade Freight Market Update - Oct 4, 2023

October 4, 2023.png

<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The Ukraine invasion has caused a trade imbalance between China and Russia, resulting in about 150,000 TEU of empty containers stranded in Russia.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Second-hand container prices in Russia have dropped significantly.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Qatar Airways Cargo plans to use additional bellyhold capacity for two new destinations in China.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">The US International Longshoremen and Warehouse Union (ILWU) has filed for Chapter 11 bankruptcy while stating that its operations will continue as usual.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Overall BAI air freight rate index increased by 4.8% compared to the previous week, indicating a positive trend.</li></ul>Read on for more in-depth updates.

Freight market update - 04 October 2023

Stay updated on the dynamic freight market with Beeontrade's comprehensive update for September 27, 2023. Subscribe now for exclusive tips and insights.

September 27, 2023.png

<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Maersk and CMA CGM have joined forces to advance sustainable shipping practices.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Container spot rates from China and Asia to North Europe have plummeted by half their value within a span of three weeks.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Recent data reveals a positive shift in the global air cargo market during the second full week of September, with a 4% increase in global air cargo.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Members of THE Alliance have suspended their PN3 Asia to North America loop due to unfavorable market conditions.</li><li style="background-color:transparent;color:#0e101a;font-family:Georgia,serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Carriers have defied Panama Canal transit restrictions and boosted capacity on the Far East to US East Coast route by a remarkable 20% since the conclusion of August.</li></ul>Read on for more in-depth updates.

Freight market update - 27 September 2023

Stay informed with Beeontrade's Freight Market Update on September 20, 2023. Subscribe for exclusive tips on freight forwarding in this 8-minute read.

September 20, 2023.png

<div class="raw-html-embed"><h2>From the Editor’s Desk</h2>

Greetings!

Our objective is to make your shipping experience easier by offering you the latest and most informative details and insights regarding the freight market. We aim to provide accurate and relevant content that brings benefits to your business.

We highly value your feedback as we continuously strive to improve the quality of our weekly market updates. We value your thoughts on our current content and encourage you to suggest specific topics that you would like us to cover in more depth.

Moreover, we are open to adjusting the style of our updates to better align with your preferences. If there are any ports or regions that we haven't addressed yet but you're interested in, please let us know.

We wish to create the most informative newsletter possible. We appreciate your continued readership and subscription, and we thank you for taking the time to provide us with your valuable feedback, which will help us enhance our future performance.

<h2> 
Key takeaways for the US</h2>

<ul>
	<li>U.S. ports imported 2,196,268 twenty-foot equivalent units (TEU) in August.</li>
	<li>The Port of Los Angeles experienced its first monthly year-over-year increase in 13 months in August.</li>
	<li>Carriers have increased the number of blank sailings in preparation for the approaching Golden Week holiday.</li>
	<li>The Vietnamese government has given the green light to a $1.7 billion plan for the development of inland container depots (ICD).</li>
	<li>During the first half of 2023, major container ports in both Europe and the United States faced substantial declines in throughput, with decreases ranging from 5% to 25%.</li>
</ul>

Read on for more in-depth updates. 
&nbsp;

<h2>Ocean Freight Market Updates</h2>

<h3>Asia → North America</h3>

<h4>US/CA</h4>

<h3>Transpacific Trends and Market Updates</h3>

<ul>
	<li>Descartes reported that U.S. ports imported 2,196,268 twenty-foot equivalent units (TEU) in August.</li>
	<li>This figure was an increase of 0.4% compared to July and a 5.5% increase compared to June.</li>
	<li>August's import volumes were also 2.5% higher than those recorded in August 2019, before the COVID-19 pandemic.</li>
	<li>Chris Jones, executive vice president of industry and services at Descartes Systems Group, mentioned in the monthly import report that August imports resembled the typical rise seen during peak seasons in non-pandemic years.</li>
	<li>He also observed that U.S. import volumes remained consistent with the results from 2019.</li>
	<li>The Global Port Tracker report, published by the National Retail Federation (NRF) and consultancy Hackett Associates, revealed that August saw a 5% increase in imports compared to July.</li>
	<li>The report predicts that total imports will surpass 2 million TEUs per month for three consecutive months, from August through October.</li>
	<li>Jonathan Gold, NRF vice president for supply chain and customs policy, expressed optimism about these numbers, indicating that retailers are importing goods they believe they can sell for the upcoming holiday season.</li>
	<li>According to Global Port Tracker's projections, the ports it covers are expected to handle 22.3 million TEUs in full-year 2023, representing a 2% increase compared to 2018 and a 3% increase compared to 2019, pre-pandemic levels.</li>
	<li>Carriers have increased the number of blank sailings in preparation for the approaching Golden Week holiday.</li>
	<li>Specifically, 29 blank sailings have been added on the Trans-Pacific route, and an additional 18 on the Asia-Europe route.</li>
	<li>The Golden Week holiday, which occurs in early October, typically sees a slowdown in manufacturing activity, as factories close, leading to reduced demand for container shipping to and from Asia.</li>
</ul>

An analyst's report indicates significant scheduled capacity reductions on various shipping routes:

<ol>
	<li>Asia-North America West Coast: Capacity reductions have risen from 3.7% to 14.1%.</li>
	<li>Asia-North America East Coast: Capacity reductions have increased from 2.2% to 16.1%.</li>
	<li>Asia-North Europe: Capacity reductions have gone up from 6.8% to 19.9%.</li>
	<li>Asia-Mediterranean: Capacity reductions have seen an increase from 7.7% to 21%.</li>
</ol>

<ul>
	<li>The Vietnamese government has given the green light to a $1.7 billion plan for the development of inland container depots (ICD).</li>
	<li>The ICD development plan is set to be completed by 2030 and is expected to significantly enhance Vietnam's logistics infrastructure.</li>
	<li>The overall capacity of the Vietnamese depot system is projected to range from 11.9 million to 17.1 million twenty-foot equivalent units (TEUs) annually.</li>
	<li>Deputy Prime Minister Tran Hong Ha approved this plan with the goals of meeting transportation demands for imports and exports, reducing logistics expenses, shortening cargo storage durations at ports, enhancing port handling capacity, and ensuring cargo safety.</li>
	<li>The plan anticipates that by 2030, ICDs in Vietnam will have the capacity to handle 17.1 million TEUs annually, addressing approximately 25% to 35% of the demand for export and import container shipping.</li>
	<li>Vietnam has experienced substantial growth as a result of the "China-plus-one" strategy, capturing 10% of manufacturing activities due to its favorable business environment and cost-effectiveness.</li>
</ul>

<h3>Conclusions</h3>

Rates -&nbsp;The rates will remain soft on most origin-destination combinations.

Space -&nbsp;Space open, no issues with equipment.

Recommendations -&nbsp;We recommend blank sailings to continue. Book at least two weeks before the date your vessel gets ready to depart. 
&nbsp;

<h3>Turkey → North America</h3>

<ul>
	<li>The Port of Los Angeles experienced its first monthly year-over-year increase in 13 months in August.</li>
	<li>Cargo volumes at the port grew by 3% compared to the same month the previous year.</li>
	<li>Loaded imports saw a notable increase of 7%, while loaded exports surged by 22%.</li>
	<li>Conversely, the number of empty containers declined by 10% during this period.</li>
	<li>Gene Seroka, the executive director of the Port of Los Angeles, described August as a strong month for the port, with growth evident in both import and export activities.</li>
	<li>He also noted that global trade has shown signs of easing throughout the year, a trend expected to continue in the coming months.</li>
	<li>Seroka highlighted the significance of the recent ratification of a six-year contract between the International Longshore and Warehouse Union and the Pacific Maritime Association.</li>
	<li>He emphasized that this contract, in effect through 2028, provides stability and confidence for customers, ensuring the uninterrupted flow of cargo through the nation's busiest port.</li>
</ul>

<h3>Conclusions</h3>

Rates -&nbsp;The rates will remain soft on most origin-destination combinations.

Space for capacity -&nbsp;No capacity issues or issues with space.

Space for equipment -&nbsp;No issues with equipment. 
&nbsp;

<h3>North America → Turkey</h3>

<ul>
	<li>During the first half of 2023, major container ports in both Europe and the United States faced substantial declines in throughput, with decreases ranging from 5% to 25%.</li>
	<li>The impacted ports included Los Angeles/Long Beach, New York/New Jersey, Savannah, Rotterdam, Antwerp-Bruges, and Hamburg.</li>
	<li>These declines were primarily linked to the economic slowdown taking place in Western countries.</li>
	<li>Los Angeles/Long Beach, for instance, experienced a sharp 25% reduction in volume, resulting in a net loss of 2.6 million twenty-foot equivalent units (TEUs) compared to the same period in 2022.</li>
	<li>The recent ratification of a new labor agreement for US West Coast dockworkers is expected to potentially assist Los Angeles/Long Beach in recovering some of its lost business to East Coast ports.</li>
	<li>Meanwhile, US East Coast ports such as New York/New Jersey and Savannah also reported significant declines of 24% and 18%, respectively, during this period.</li>
	<li>According to data from Sea-Intelligence, the inventory trends in the United States show a decrease in wholesalers' inventories, an increase in retailers' inventories, and relatively stable inventories for manufacturers.</li>
	<li>This information is based on data from July 2023 provided by the US Census Bureau.</li>
	<li>Overall, the total level of inventories in the United States has remained relatively consistent since the beginning of 2023, indicating the absence of a significant inventory correction.</li>
	<li>The juxtaposition of rising retailer inventories and declining wholesaler inventories suggests that wholesalers may be effectively managing their inventory, which could potentially lead to a decrease in imports by retailers.</li>
	<li>In contrast, both wholesalers and manufacturers currently maintain inventory levels significantly higher than what pre-pandemic trends would have indicated.</li>
	<li>These observations point to the absence of a substantial inventory correction in the United States, and there may be indications of an impending market contraction, particularly affecting wholesalers and manufacturers.</li>
</ul>

<h3>Conclusions</h3>

Rates -&nbsp;Stable rates over the last week.

Space for capacity -&nbsp;No major capacity or space issue.

Space for equipment -&nbsp;Equipment issues have started owing to low levels of import.

&nbsp;

<h2>Terminal Updates</h2>

<ul>
	<li>Vessels heading to North America via the North Atlantic Sea are expected to have a change in schedule due to severe weather conditions.</li>
</ul>

&nbsp;

<h3>New York:</h3>

<ul>
	<li>No waiting time is expected for a berth at Global Container Terminals Bayonne and APM Terminals.</li>
	<li>No more waiting time at Maher Terminals LLC.</li>
	<li>Average gate turn times: 45 minutes for single transactions, and 70 minutes for double transactions.</li>
</ul>

&nbsp;

<h3>Norfolk:</h3>

<ul>
	<li>Berth for large vessels is congested due to previous multi-day periods of severe weather.</li>
	<li>Vessels are waiting for 2 days for a berth.</li>
	<li>Average gate turn times are 30 / 43 minutes for single and double transactions respectively.</li>
	<li>One crane is out of service.</li>
</ul>

&nbsp;

<h3>Charleston Terminal:</h3>

<ul>
	<li>1 day waiting time for vessel berthing at Wando Welch Terminal.</li>
	<li>0.5 days waiting time expected at North Charleston Terminal.</li>
	<li>Average truck turn times: 21 minutes at Wando Welch Terminal, and 17 minutes at North Charleston Terminal.</li>
</ul>

&nbsp;

<h3>Savannah:</h3>

<ul>
	<li>Waiting time for vessel berth at the terminal is up to 4 days, depending on the size of the vessel.</li>
	<li>Average gate turn times are 36 / 52 minutes for single and double transactions respectively.</li>
</ul>

&nbsp;

<h3>Houston:</h3>

<ul>
	<li>Barbours Cut Terminal has up to 1 day waiting time for vessel berthing.</li>
	<li>Due to vessel bunching the yard is facing congestion impacting the discharge productivity and extending port stays.</li>
	<li>The average gate turn time is 42 minutes.</li>
</ul>

&nbsp;

<h3>Oakland:</h3>

<ul>
	<li>Average wait time of up to 2 days at Oakland Int’l Container Terminal (OICT) and up to 3 days at TraPac.</li>
	<li>Average import deliveries can take up to 5.3 days at TraPac and 4 days at OICT.</li>
	<li>Average gate turn times are 52 / 65 minutes for OICT and TraPac respectively.</li>
</ul>

&nbsp;

<h3>Seattle-Tacoma:</h3>

<ul>
	<li>Wait time of up to 3 days at Tacoma and 3 days at Seattle.</li>
	<li>Import deliveries are 3.4 days at HUSKY – due to EB/WB railcar imbalance, 3-5 days at Washington United Terminal, and 1-3 days at T18.</li>
	<li>Availability of rail cars in Union Pacific Rail and BNSF Rail continues to fluctuate weekly.</li>
	<li>Average gate turn times are 27 / 33 / 42 minutes for T18, Washington United Terminal, and HUSKY respectively.</li>
	<li>T18 will be closed on September 22 and 29, 2023.</li>
	<li>Husky will have Saturday gates on September 16, 2023.</li>
	<li>WUT has received 2 new Post Panamax Cranes.</li>
	<li>WUT has commenced commissioning both, operational by the mid/end of September.</li>
</ul>

&nbsp;

<h3>Los Angeles/Long Beach:</h3>

<ul>
	<li>All terminal gates are running as published and in line with the Pier Pass program.</li>
	<li>Port of Los Angeles dwell time for local import cargo is 3.3 days, on-dock rail dwell is 4.5 days, and import units on the street are averaging at 4.3 /5.5 days for 20 ft and 40+ ft containers respectively.</li>
	<li>Port of Long Beach dwell times for local imports are stable, and the average terminal gate turn time is between 23-70 minutes, depending on the terminal.</li>
</ul>

&nbsp;

Chassis Pools: All pools are operating as normal except:

<ol>
	<li>
	Minneapolis / St. Paul – Constrained on 20’, Deficit on 40’ and 45’ chassis.
	</li>
	<li>
	Chicago – Constrained on 20’ and 40’ chassis.
	</li>
	<li>
	El Paso – Deficit on 40’ Chassis.
	</li>
</ol>

&nbsp;

Intermodal Operations:&nbsp;Truck power can be secured within 1-3 days for the majority of locations, including marine terminals, rail ramps, and depots.

<h3>Port Status</h3>

<table>
	<tbody>
		<tr>
			<td>
			Range
			</td>
			<td>
			Port
			</td>
			<td>
			Vessels at Anchor
			</td>
			<td>
			Vs Last Week
			</td>
			<td>
			Waiting Time
			</td>
			<td>
			Vs Last Week
			</td>
		</tr>
		<tr>
			<td>
			PNW
			</td>
			<td>
			<h4>Vancouver</h4>
			</td>
			<td>
			0
			</td>
			<td>
			-
			</td>
			<td>
			0
			</td>
			<td>
			-
			</td>
		</tr>
		<tr>
			<td>
			PNW
			</td>
			<td>
			<h4>Seattle</h4>
			</td>
			<td>
			0
			</td>
			<td>
			-
			</td>
			<td>
			0
			</td>
			<td>
			-
			</td>
		</tr>
		<tr>
			<td>
			PSW
			</td>
			<td>
			<h4>Oakland</h4>
			</td>
			<td>
			0
			</td>
			<td>
			-
			</td>
			<td>
			1
			</td>
			<td>
			-
			</td>
		</tr>
		<tr>
			<td>
			PSW
			</td>
			<td>
			<h4>LA/LB</h4>
			</td>
			<td>
			0
			</td>
			<td>
			-
			</td>
			<td>
			0
			</td>
			<td>
			-
			</td>
		</tr>
		<tr>
			<td>
			USEC
			</td>
			<td>
			<h4>New York</h4>
			</td>
			<td>
			0
			</td>
			<td>
			-
			</td>
			<td>
			0
			</td>
			<td>
			-
			</td>
		</tr>
		<tr>
			<td>
			USEC
			</td>
			<td>
			<h4>Norfolk</h4>
			</td>
			<td>
			3
			</td>
			<td>
			-
			</td>
			<td>
			1
			</td>
			<td>
			-
			</td>
		</tr>
		<tr>
			<td>
			USEC
			</td>
			<td>
			<h4>Charleston</h4>
			</td>
			<td>
			0
			</td>
			<td>
			-
			</td>
			<td>
			0
			</td>
			<td>
			-
			</td>
		</tr>
		<tr>
			<td>
			USEC
			</td>
			<td>
			<h4>Savannah</h4>
			</td>
			<td>
			14
			</td>
			<td>
			-
			</td>
			<td>
			3
			</td>
			<td>
			-1
			</td>
		</tr>
		<tr>
			<td>
			USGC
			</td>
			<td>
			<h4>Miami</h4>
			</td>
			<td>
			0
			</td>
			<td>
			-
			</td>
			<td>
			0
			</td>
			<td>
			-
			</td>
		</tr>
		<tr>
			<td>
			USGC
			</td>
			<td>
			<h4>Houston</h4>
			</td>
			<td>
			2
			</td>
			<td>
			-6
			</td>
			<td>
			4
			</td>
			<td>
			-1
			</td>
		</tr>
	</tbody>
</table>

<h2>Final Thoughts</h2>

In light of the latest updates and trends, it is evident that the market is currently in the course of demonstrating robust performance and is equipped with ample capacity and resources.

Individuals and businesses involved in import/export activities must stay well-informed about market dynamics and strategies to make informed decisions. To ensure a smooth and hassle-free experience with your import/export operations, it is recommended to seek guidance from industry experts.

Conduct thorough research on ports that offer available space and suitable equipment despite the ongoing conditions. By doing so, you can minimize complications, facilitate shipments, and maximize efficiency.

Taking proactive measures and staying proactive in your approach will help you navigate the market effectively. We greatly appreciate your continued readership and encourage you to subscribe to our weekly market updates to stay abreast of the latest developments and insights.</div>

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