{"id":15679,"date":"2021-05-27T11:22:34","date_gmt":"2021-05-27T11:22:34","guid":{"rendered":"http:\/\/www.felana.com.mx\/eng\/u-s-west-coast-sees-improved-performance-as-east-coast-faces-new-challenges-more-than-shipping\/"},"modified":"2021-05-27T11:22:34","modified_gmt":"2021-05-27T11:22:34","slug":"u-s-west-coast-sees-improved-performance-as-east-coast-faces-new-challenges-more-than-shipping","status":"publish","type":"post","link":"https:\/\/www.felana.com.mx\/eng\/u-s-west-coast-sees-improved-performance-as-east-coast-faces-new-challenges-more-than-shipping\/","title":{"rendered":"U.S. West Coast Sees Improved Performance As East Coast Faces New Challenges – More Than Shipping"},"content":{"rendered":"
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There may be some hope on the horizon for improved on-time performance at U.S. West Coast ports.<\/span><\/h4>\n

In its latest analytical report, Sea-Intelligence Maritime Analysis announced that on-time performance for ocean shipments improved by just over three percent in March, compared to the previous month. As it stands now, on-time performance is now around 14 percent for Asia-U.S. West Coast shipments. Though an improvement over the terrible recent performance caused by the COVID-19 pandemic, empty sailings, and sky-rocketing demand, there is still a lot of progress that needs to be made before on-time performance returns to 2020 and earlier levels.<\/p>\n

At the same time as the new numbers for the Asia-U.S. West Coast were reported, global carrier performance increased at a much-stronger clip of nearly six percent. Global on-time performance stood at just over 40 percent in March. The global economy is continuing to recover at a fast pace, and China and other leading exporters recently reported very favorable GDP numbers for Q1 2021; that fact makes stronger global on-time performance even more impressive.<\/p>\n

The U.S. East Coast has not fared so well, as on-time performance actually declined in March.<\/span><\/h4>\n

Tee same Sea-Intelligence report that showed U.S. West Coast growth reported that U.S. East Coast ports saw on-time performance fall around one percent in March. With that decrease, on-time performance there fell to around 12 percent, a terrible number during this critical trade period. The 12 percent number was actually the worst on record.<\/p>\n

Of course, the terrible U.S. East Coast numbers come at a time of crucial developments there \u2013 both positive and negative. We recently reported<\/a> on the opening of a new terminal at the Port of Charleston, which is expected to ease some congestion there over the longer-term. That will certainly help overall performance, as that port is one of the U.S. East Coast\u2019s busiest. Additionally, some blame for the reduced on-time performance on the U.S. East Coast is likely on the Suez Canal crisis, which blocked that waterway for nearly a full week back at the end of March and delayed vessels arriving on the U.S. East Coast.<\/p>\n

One thing is for sure: there\u2019s a long way to go to return to pre-pandemic performance.<\/span><\/h4>\n

While recent events may have affected short-term on-time performance, there\u2019s no denying that the shipping industry as a whole as a long way to go before things go back to \u201cnormal.\u201d Global GDP growth, while strong given the situation, has a lot of room to recover to pre-pandemic growth. Container shortages and empty sailings continue to plague global shipping, as carriers eye profitability over performance.<\/p>\n

Even with the recent growth of on-time performance on the U.S. West Coast, overall performance is still down significantly from 2020 levels and the pre-COVID era. In 2020, on-time performance was sometimes as high as 75 percent, a respectable number that everyone can live with. Only time will tell how long it takes to return there.<\/p>\n<\/p><\/div>\n<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"

There may be some hope on the horizon for improved on-time performance at U.S. West Coast ports. In its latest analytical report, Sea-Intelligence Maritime Analysis announced that on-time performance for ocean shipments improved by just over three percent in March, compared to the previous month. As it stands now, on-time performance is now around 14 […]<\/p>\n","protected":false},"author":1,"featured_media":15680,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/www.felana.com.mx\/eng\/wp-json\/wp\/v2\/posts\/15679"}],"collection":[{"href":"https:\/\/www.felana.com.mx\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.felana.com.mx\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.felana.com.mx\/eng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.felana.com.mx\/eng\/wp-json\/wp\/v2\/comments?post=15679"}],"version-history":[{"count":0,"href":"https:\/\/www.felana.com.mx\/eng\/wp-json\/wp\/v2\/posts\/15679\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.felana.com.mx\/eng\/wp-json\/wp\/v2\/media\/15680"}],"wp:attachment":[{"href":"https:\/\/www.felana.com.mx\/eng\/wp-json\/wp\/v2\/media?parent=15679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.felana.com.mx\/eng\/wp-json\/wp\/v2\/categories?post=15679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.felana.com.mx\/eng\/wp-json\/wp\/v2\/tags?post=15679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}