Houston Has A Problem as Traffic Drops, Fire Rages — Panjiva


Houston Has A Problem as Traffic Drops, Fire Rages

Corp - Ports 680 Corp - Shipping 629 Mode - Seaborne 1307 Theme - Disasters 60 U.S. 3446

A petrochemical fire near Port Houston, Tx. has come as the port’s already been struggling with falling volumes. General cargo exports dropped 23.8% year over year in February while containerized freight fell 0.1%, ending a 12-month run of growth. The slippage was caused in part by an 11.1% drop in empty container shipments while imports of loaded containers actually increased by 2.5%. Among the major container-lines CMA-CGM’s inbound freight increased by 2.5% while Hapag-Lloyd saw an 11.5% drop.

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