Letter from the CEO: Coronavirus Market Update

Transplace

Cargo flows and ship calls are rebounding in China. The reopening of factories in China would see a gradual return of demand, but Alphaliner noted in a recent newsletter that cargo volume recovery was expected to take a few weeks, and until normal volume is reached, carriers would continue to selectively implement blank sailings, likely until the end of March. Savannah / Brunswick are predicting import cargo decrease by 40% in March and April from 2019 levels.

How Tianjin's Aftermath is Affecting West Coast Ports

Elementum

The Port of Oakland, on the other hand, posted an increase of 8.7 To get back on track, the Port of Oakland announced that they are hiring 400 more workers to ensure the speed and efficiency to customers. According to data from the first half of 2015, Los Angeles held a 34 percent market share and Long Beach held a 13 percent market share of cargo transport from Tianjin to the U.S. Port traffic has always been a good metric of overall economic health.