Delong, Gavilon face export squeeze as COVID-19 cuts container availability — Panjiva
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Delong, Gavilon face export squeeze as COVID-19 cuts container availability

Ags - Grains/Beans 226 China 2393 Coronavirus 256 Energy - Renewables 123 Mode - Containerized 1179 Mode - Seaborne 1501 U.S. 4229

Restrictions to international shipping activity linked to COVID-19 is leading to a shortage of containers for commodities exports in the U.S., including those of dried distillers grains (DDGS) according to S&P Global Platts. U.S. exports of DDGS have already been in decline with a 16.5% year over year drop in Q4, led by a slide in shipments to Asia ex-China. Exports linked to Delong and Gavilon may have dropped more quickly – shipments linked to the firms fell by 45.9% and 41.4% respectively. Total U.S. shipments to China improved by 14.3% though still only represent 2.6% of the total ve...

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