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West Coast Trade Report

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West Coast Trade Report West Coast Trade Report August 2018 Parsing the June Container Trade Numbers First Glance at July Moving on to the June 2018 Loaded TEU First out of the box with July TEU numbers was the Port of Numbers Boston, reporting that outbound loaded TEUs were up but We now turn to a detailed look at June’s loaded container loaded outbound TEUs were not. To help our friends in Red traffic. Please note that this section does not count empty Sox Nation put their port’s business in perspective, the 28,329 containers. Please also note that the 16 U.S. ports whose TEUs that crossed Beantown’s wharfs in July was about container trade statistics are presented in Exhibits 1 and equal to what the Port of Los Angeles handles each day. 2 process approximately 95% of all containerized trade at U.S. mainland seaports. Exhibit 3 includes YTD totals at Out here on the Left Coast, July brought a sharp year- Philadelphia, Montreal, Lazaro Cardenas, and Manzanillo, over-year drop in loaded inbound TEU numbers at Long which do not provide data that fully distinguish laden from Beach but a healthy increase next door at the Port of empty containers. LA. Taken together, the San Pedro Bay ports recorded a decline of 1.3% (-10,010 TEUs) in loaded inbound traffic. On the inbound side, the five major U.S. West Coast On the loaded outbound side, the two ports saw a 2.4% seaports surfed on the back of a wave of imports induced, (+6,715 TEUs) rise in loaded shipments. At Oakland, loaded at least in part, by anxieties over possible new tariffs. The inbound traffic slipped by 534 TEUs from last July, while number of inbound laden TEUs at USWC ports in June loaded outbound trade was off by 7.3% (-5,486 TEUs). totaled 984,871 TEUs, a robust 9.0% gain over the same Further up the coast, the Northwest Seaport Alliance Ports month last year. The Port of Long Beach and the Northwest of Seattle and Tacoma roared back with a 19.6% (+21,459 Seaport Alliance Ports of Seattle and Tacoma led the way TEUs) leap in loaded imports and a 6.0% (+4,4041 TEUs) in June, with inbound loaded TEUs up 14.5% and 12.7%, gain in loaded export traffic. respectively. For the first half of the year, USWC imports Collectively, these five U.S. West Coast seaports posted a were up 3.7% (+191,101 TEUs), with Long Beach again far from robust 1.1% (+10,915 TEUs) increase in inbound accounting for much of the increase. traffic and a similarly modest 1.2% (+5,270 TEUs) gain in outbound trade. June on the East Coast saw a 7.1% (+55,030 TEUs) improvement over the same month a year earlier, while first A press release from the Port of Long Beach attributed its half numbers were up 6.6% (+293,919 TEUs). fall-off in container traffic in July to “shipping alliances’ decisions in July to shift vessel deployment and port calls.” Remarkably, although East Coast ports handled 11.4% That shift does not appear to have affected business at fewer inbound TEUs than did the Big 5 USWC ports through the Port of LA or the NWSA ports. However, if true, it does the first six months of this year, the East Coast’s 293,916 not bode well for August since, of the alliances that have year-over-year increase in inbound laden TEUs was more announced capacity reductions on eastbound transpacific than half-again larger than the 191,1010 TEUs gain posted routes, only the 2M alliance (Maersk and MSC) move took along the West Coast. effect in July. The cutbacks announced by THE Alliance (Yang Ming, Hapag-Lloyd, and the Ocean Network Express) Along the Gulf Coast, the two ports we track reported a and the Ocean Alliance (Cosco, CMA CGM, Evergreen, slender 1.3% (+1,405 TEUs) year-over-year increase in June, and OOCL) were not scheduled to come into play until although first-half traffic was up 8.8% (+49,686 TEUs). sometime in August. Pacific Merchant Shipping Association 70 Washington Street, Suite 305, Oakland, CA 94607 pmsaship.com 510-987-5000 [email protected] West Coast Trade Report Parsing the June 2018 Numbers Continued Up in British Columbia, inbound loaded Exhibit 1 June 2018 - Inbound Loaded TEUs at Selected Ports traffic in June ran 3.6% (6,695 TEUs) ahead of last June, while first-half volumes were up 6.0% (+62,324 TEUs). Jun 2018 Jun 2017 % Jun 2018 Jun 2017 % Change YTD YTD Change The 16 U.S. ports we track (i.e., ports Los Angeles 382,964 372,272 2.9% 2,220,041 2,245,281 -1.1% that furnish us with data that distinguish loaded from unloaded containers) Long Beach 384,095 335,328 14.5% 1,992,252 1,758,412 13.3% collectively reported handling 1,918,432 San Pedro Bay 767,059 707,600 8.4% 4,212,293 4,003,693 5.2% TEUs in June, up 7.7% over last June. Totals First-half numbers totaled 10,685,099 TEUs, a 5.3% increase over the first six Oakland 87,207 80,253 8.7% 460,145 449,830 2.3% months of last year. NWSA 130,605 115,892 12.7% 665,687 693,501 -4.0% USWC ports’ combined share of inbound USWC Totals 984,871 903,745 9.0% 5,338,125 5,147,024 3.7% loaded TEUs at these 16 U.S. mainland ports was 51.3% in June, up from 50.7% Boston 12,695 11,898 6.7% 68,058 61,538 10.6% a year earlier. However, for the first-half, NYNJ 310,481 295,221 5.2% 1,757,568 1,630,943 7.8% the USWC share slipped to 49.96% from 50.71% last year. Maryland 42,889 40,581 5.7% 251,666 227,972 10.4% On the outbound side, loaded export Virginia 105,955 103,006 2.9% 629,795 602,602 4.5% container traffic at USWC ports was South Carolina 85,416 81,307 5.1% 486,016 480,691 1.1% up 5.4% (+22,511 TEUs) over last June, while the first-half increase was limited Georgia 175,617 154,738 13.5% 991,483 904,211 9.7% to just 2.0% (+54,127 TEUs). Along the Atlantic Seaboard, outbound shipments Jaxport 27,372 23,932 14.4% 152,355 144,650 5.3% in June grew by 4.1% (+21,180 TEUs) Port Everglades 30,008 25,972 15.5% 187,597 186,742 0.5% over the same month in 2017, while the first-half saw a 6.2% (+190,623 TEUs) Miami 34,830 33,578 3.7% 205,740 197,010 4.4% improvement. Exports via our two Gulf Coast ports jumped 19.7% (+19,764 USEC Totals 825,263 770,233 7.1% 4,730,278 4,436,359 6.6% TEUs) in June, but first-half numbers New Orleans 10,571 9,851 7.3% 61,087 52,894 15.5% were up a somewhat more modest 4.5% (29,741 TEUs). The two British Columbia Houston 97,727 97,042 0.7% 555,609 514,116 8.1% ports we track saw a 14.5% (+15,065 USGC Totals 108,298 106,893 1.3% 616,696 567,010 8.8% TEUs) jump in June, but a less robust 3.7% (+23,626 TEUs) gain in the year’s Vancouver 142,202 135,290 5.1% 833,996 803,553 3.8% first half. Prince Rupert 51,617 51,834 -0.4% 274,592 242,711 13.1% British Columbia 193,819 187,124 3.6% 1,108,588 1,046,264 6.0% Totals Source Individual Ports August 2018 Page 2 West Coast Trade Report Parsing the June 2018 Numbers Continued Exhibit 2 June 2018 - Outbound Loaded TEUs at Selected Ports Exhibit 3 June1000000 Year-to-Date2000000 3000000 Total4000000 5000000 Los Angeles TEUs (Loaded and Empty) 0 Handled at Selected Ports Long Beach Jun 2018 Jun 2017 % Jun 2018 Jun 2017 % Change YTD YTD Change Los Angeles -3.9% Los Angeles 147,563 145,528 1.4% 952,281 982,379 -3.1% Long Beach N 14.5% YNJ Long Beach 135,168 118,304 14.3% 813,215 711,830 14.2% NYNJ Georgia 6.8% San Pedro Bay 282,731 263,832 7.2% 1,765,496 1,694,209 4.2% Totals Georgia NWSA 6.5% Va Oakland 71,894 75,460 -4.7% 452,677 461,128 -1.8% NWSA ncouver -2.7% NWSA 85,088 77,910 9.2% 476,865 485,574 -1.8% Vancouver Virginia 5.1% Manzanillo USWC Totals 439,713 417,202 5.4% 2,695,038 2,640,911 2.0% Manzanillo 5.3% Boston 7,127 7,354 -3.1% 41,246 42,631 -3.2% Oakland Virginia -1.0% NYNJ 129,505 122,119 6.0% 756,389 692,521 9.2% Houston Houston South Carolina 5.7% Maryland 19,133 20,744 -7.8% 118,805 120,753 -1.6% Oakland 2.4% Virginia 80,594 81,534 -1.2% 509,050 520,959 -2.3% Lazaro Cardenas Jaxpor S Carolina 2.0% South Carolina 68,060 65,539 3.8% 425,207 405,822 4.8% Po Jaxport t rt 16.8% Georgia 124,822 112,845 10.6% 763,482 700,792 8.9% Ev erglades Montreal 8.1% Jaxport 37,855 36,975 2.4% 242,719 203,841 19.1% L Cardenas Miami 18.3% Port Everglades 38,259 36,939 3.6% 227,915 213,169 6.9% Maryland PEV Prince Ruper 2.7% Miami 32,876 33,002 -0.4% 199,559 193,261 3.3% Miami 3.9% USEC Totals 538,231 517,051 4.1% 3,284,372 3,093,749 6.2% Philadelphia Maryland t 7.7% New Orleans 27,527 21,419 28.5% 144,119 138,389 4.1% New Orleans Prince Rupert Houston 92,323 78,667 17.4% 541,010 516,999 4.6% 18.9% Wilmington DE USGC Totals 119,850 100,086 19.7% 685,129 655,388 4.5% Philadelphia Boston -10.6% Vancouver 99,577 91,015 9.4% 553,089 560,378 -1.3% New Orleans 10.0% Prince Rupert 19,669 13,166 49.4% 106,924 76,009 40.7% Boston 10.1% British Columbia 119,246 104,181 14.5% 660,013 636,387 3.7% Totals 2018 YTD 2017 YTD 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 Source Individual Ports Source: Individual Ports August 2018 Page 3 West Coast Trade Report Parsing the June 2018 Numbers Continued Weights and values.
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