Port of Los Angeles raises COVID-19 worries, Savannah’s shipping slides — Panjiva
MENU

Panjiva_research_logo

Port of Los Angeles raises COVID-19 worries, Savannah’s shipping slides

China 2291 Corp - Ports 744 Corp - Shipping 721 Mode - Containerized 1156 Mode - Seaborne 1469 Natural Disasters 161 U.S. 4079

Container handling through U.S. ports fell by 2.7% year over year in January, with the worst performers being Seattle-Tacoma with a 12.5% drop and Savannah with a decline of 8.2%. The rate of decline at Los Angeles and Long Beach slowed to just 3.9% and 0.2% respectively despite their higher-than-average exposure to China. The ports’ volumes will likely be crimped in February and March by disruptions caused by COVID-19 coronavirus. According to Port of LA director Gene Serotka there could be a 15% year over year slide in Q1 volumes handled through the port as a result. The third most exp...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2020 S&P Global. All Rights Reserved.