Page 7 - கிழக்கு கடற்கரை வடக்கு அமெரிக்கா News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Port of New York and New Jersey posts record February container volume | Hellenic Shipping News Worldwide
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Port of New York and New Jersey container volumes up nearly 17% in January
The joint Port of New York & New Jersey posted a 16.9% year-on-year increase in container throughput for the month of January, the highest January on record, the port said.
The seaport moved 721,284 twenty-foot equivalent units, or TEUs, in January, compared with 617,024 TEU moved the same month last year.
Of these, loaded imports were counted at 371,392 TEU, up just over 15% on year.
“Consumer spending in the US continued to drive demand for goods, leading to higher volume for imports,” the port said in a statement March 11.
At the same time, loaded exported TEUs were down 8.2% to 108,738. But empty exports grew to 239,509 TEUs as ocean carriers prioritized quick container repositions to address the growing backlog of cargo in Asian exporting hubs.
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Shippers weigh contract negotiation strategies after year of failed deals, record-high spot rates
After a year of soaring container rates and plunging availability, shippers are now trying to find the right strategy to approach long-term contract negotiations. Some are opting to go for early deals while others wait to see if spot rates cool off, leaving them in a better position to negotiate.
Some carriers are even offering early-bird contracts, which may be signed at a higher price but will be inclusive of general rate increases (GRIs), peak season surcharges (PSSs) and space and equipment guaranteed, according to Peter Sundara, vice president of global freight management at LF Logistics.