Figure 1 shows both the Y/Y capacity growth and the annualised capacity growth (versus 2019) for Asia-North America West Coast while figure 2 shows the same for Asia-North Europe. Shippers are seeing spot rates and premium surcharges fall in many trades, and getting capacity allocations is becoming easier, Xeneta said in its report last month. The Port of Long Beach had its second-busiest month on record in May, and its strongest so far in 2022. The Port of New York and New Jersey moved 845,305 TEUs in May 2022, the second-busiest month of cargo activity in the port's history. The Port of Savannah handled more than 519,000 TEUs in May, a record, an increase of over 8 percent.

Source: The North Africa Journal July 07, 2022 13:39 UTC