Contingency plans, new surcharges emerging ahead of expected strikes in US
NewsWith a potential strike by the International Longshoremen’s Association (ILA) approaching, industry stakeholders are implementing contingency plans.
Port Houston handled 367,653 TEU in August, marking 20% growth, with total volumes up 11% year-to-date and loaded container volumes rising 10%.
Port Houston handled 367,653 TEU in August, a 20% growth compared to August last year. Over the first eight months of 2024, total container volumes reached 2,791,127 TEU, an 11% increase over the same period in 2023.
Port Houston has recently installed three new STS cranes at its Bayport Container Terminal, increasing the total number of STS cranes at the terminal to 18. The cranes have been delivered to Wharves 6 and 2, adding capacity to the facility for expected growth and helping further improve vessel productivity to support ocean carrier customers.
Loaded import TEU at Port Houston’s container terminals increased 9% in August compared to August 2023, driven by a robust retail market and healthy consumer spending. Year-to-date, loaded imports are up 9%.
On the export side, loaded containers are up 19% in August and 13% for the year, with resins continuing to drive these volumes. Port Houston remains the top US gateway for resin exports, holding a 60% market share.
In total, loaded container volumes have increased by 10% so far this year compared to last.
At Port Houston’s multipurpose facilities steel imports were up 15% in August compared to last year, although year-to-date volumes are down 10%. Plywood, self-propelled machinery, and wind power equipment increased notably this month. Total tonnage across all facilities remains on the rise, up 5% year-to-date compared to 2023 and totalling 35,433,600 tonnes.
“As we look to the last quarter of the year, the Panama Canal continues to increase daily vessel transit slots, easing navigation into the Gulf. The Houston Ship Channel Expansion – Project 11 also continues to make progress, further increasing efficiency as well as safety along the nation’s busiest waterway. With the Project 11 improvements, 15,000-TEU vessels will be able to call Port Houston’s Bayport Container Terminal later this year,” the port added.
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