Charleston’s Party Near an End as Kent, Komatsu Imports Slide

China 2604 Corp - Ports 786 Industrials - Capital Goods 470 Mode - Seaborne 1601 U.S. 4633

Container handling through South Carolina’s ports, centered on Charleston, climbed 5.8% year over year in February, outperforming both Norfolk and Houston. The growth was largely due to a 10.3% increase in imports, while a slide in exports is part of an established trend. The port authority’s CEO, Jim Newsome, has already flagged that there will be a downturn in handling due to an end of inventory-building relating to tariffs on Chinese imports. That should prove manageable given China only accounted for 24.5% of inbound volumes in 2018. Major importers are already seeing a downturn thou...

Copyright © 2020 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.