The US is seeing signs of softening container demands as the number of blank sailing from Asia to the US increases. With the global manufacturing sector contracting, freight volumes are likely to shrink further. November saw further reductions in port congestion compared to October, including the Ports of Houston and Savannah which were heavily congested in October.
Status Of Port Congestion In The USA
In this report, we examine the container vessel congestion situation in US ports over the past two months.
Vessel Waiting time at/around the anchorage
Ports on the East Coast are starting to see a decrease in vessel delay, as both the Ports of Houston and Savannah saw the median waiting time reduce by ~1 day.
The west coast ports of Long Beach and LA, on the other hand, continue to experience little to no congestion.
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 dwell times remained the same across the ports (~4 days for the west coast and ~2 days for the east coast), with a slight downward trend.
Congestion in US ports seems to be easing, with vessel waiting times at both ports and anchorages decreasing. However, ports across the US seem to be facing a new problem: too many containers. Container depots, which house containers once they have been unloaded, are now filled to capacity or near capacity.
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