The backlog of ships outside the twin ports of Los Angeles and Long Beach — America’s largest gateway for ocean freight — is poised to worsen.
There’s now a record of 80 container vessels waiting off Southern California, with more on the way from Asia. The bottleneck that started almost exactly a year ago shows little sign of letting up, according to a Bloomberg analysis shipping data.
With the waiting area off Los Angeles starting to stretch further and further off the coast, Bloomberg’s Port Congestion Tracker has rebenched its anchorage area for the ports to more accurately show the total ships in queue. While counts for ships in port remain the same, total counts have ballooned to 112, surpassing Singapore for the world’s third-largest holding area for container ships.
The supply snarls swamping America’s West Coast followed similar backups that the ports of Hong Kong and Shenzhen dealt with in the aftermath of Typhoon Kompasu last week.
The total count of container ships off the Pearl River Delta now stands at 237, after reaching an April-to-October high of 279 earlier in the week. While the dwindling count doesn’t ensure those ports are completely back to normal, it does suggest that the worst might be over.
That might increase the pressure on ports on the receiving end of containers sent from China.
Canada’s port of Vancouver is now dealing with its highest volume of containers since Bloomberg started tracking the data in April, as 21 vessels were counted off its coast on Oct. 22. Russia’s port of Vladivostok saw 11 waiting vessels, full with Chinese cargo.
Singapore’s anchored container count remained elevated Friday, after the cyclones Kompasu and Chanthu slowed trade in China. The 34 anchored vessels waiting to load marked a 11% increase in congestion.
Hong Kong conglomerate CK Hutchison, led by tycoon Li Ka-shing, will not sign a deal next week to sell its two strategic ports at the Panama Canal to a BlackRock-led group, the South China Morning Post reported on Friday.
Shipowners and charterers are altering leasing contracts to cope with the multi-million dollar port fees expected to be imposed on Chinese-built vessels by the Trump administration, according to people familiar with the matter.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.