Above-Normal Hurricane Season Can Hurt Containers as Well as Oil — Panjiva
MENU

Supply Chain Research

Above-Normal Hurricane Season Can Hurt Containers as Well as Oil

Coronavirus 511 Corp - Ports 882 Mode - Containerized 1473 Mode - Seaborne 1804 U.S. 5323

This year’s Atlantic tropical storm season has a 60% chance of having above-normal activity, with two to five major hurricanes expected by NOAA. While tropical storms frequently disrupt the oil industry, hurricanes can also have an impact on container shipping. Hurricane Matthew in October 2016 closed as much as 50% of eastern seaboard container capacity for two days, but the eventual impact was limited. Hurricane Sandy in October 2012 meanwhile cut handling by 9% for the entire month’s activity even though it lasted for eight days.

Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.