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The Top 5 ports in the United States 2022

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The Top 5 ports in the United States 2022

PTI now ranks the busiest ports in the United States as part of its continued coverage of the top ports in the globe.

Following our ‘Top 10 Ports in China 2022’, we now turn our attention to North America.

The US has the largest economy in the world, and this has largely been fuelled by the operations of its ports. Still dealing with the remnants of COVID-19, America has continued experiencing tremendous surges in consumer demand which is clearly reflected by the corresponding container handling figures.

With the complete annual figures yet to be released, we have taken data from the first 10 months of the year to give us an indication of what the final yearly figures could look like.

5. Port of Houston

Beginning with our ranking for 2022, the Port of Houston has successfully surpassed last year’s Number 5 entry of the Northwest Seaport Alliance (NWSA) of Seattle and Tacoma, handling a grand total of 3,333,924 TEU from January to October.

Overall, this represents a container volume rise of almost 18 per cent compared to the same time in 2021, which handled 2,835,486 TEU.

As a result of significant increases in container handling, the Port of Houston Authority has started making preparations to expand capacity by transforming Bayport Container Terminal (BPT) into an extra container yard.

This involves converting a total area of 100 acres at BTP in Bayport East End not only to increase container volume, but to also enhance terminal efficiency and cut emissions.

In November the Port Commission of the Port of Houston Authority voted to introduce a sustained import dwell fee and an optional excessive import dwell fee to cope with record-breaking volumes. The changes were effective from 1 December 2022, however were put on hold later in the month.

4. The Port of Savannah

The Port of Savannah is once again on track to record its greatest annual TEU handling total after another extremely successful October period in 2022, handling 552,806 TEU.

Over the first 10 months of 2022, the port handled 4,986,489 TEU demonstrating a considerable year-on-year increase from 4,652,463 TEU handled at the same time in 2021.

Earlier this month the Georgia Ports Authority (GPA) Board approved renovation and realignment of the docks at the Port of Savannah’s Ocean Terminal in a bid to expand container operation.

The GPA also placed an order for 12 Konecranes Rubber-Tyred Gantries for the Port of Savannah in an effort to assist the tremendous growth and increased productivity the port has experienced.

3. The Port of Long Beach

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Aerial image of containers in the Port of Long Beach, California.

Although the Port of Long Beach has had an incredibly busy year, surpassing handling totals from the previous year and setting new records, it has nonetheless slid to third on the list.

READ: Port of Long Beach named best West Coast seaport

During the first 10 months of 2022, the Port of Long Beach handled 8,000,811 TEU, an increase of 1.5 per cent from the 7,884,565 TEU per cent handled during the same time in 2021.

Due to decreased consumer demand and a shift in imported commodities toward the Gulf and East coasts, cargo passing through the Port of Long Beach has eased up once more in October.

READ: Port of Long Beach unfolds electric trucks charging stations

In October, 658,428 TEU of cargo containers were handled by dockworkers and terminal operators, a 16.6 per cent decrease from October 2021. Exports fell 2 per cent to 119,763 TEU while imports fell 23.7 per cent to 293,924 TEU. 244,743 TEU fewer empty containers were carried through the port, a 13.4 per cent decrease.

The Port of Long Beach has joined the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES). Green hydrogen is a crucial fuel for the shipping industry’s future as we work toward the Port’s targets of zero-emissions trucking by 2035 and zero-emissions cargo-handling by 2030.

READ: Top 10 Ports in China 2022

2. The Port of New York and New Jersey

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On our list of the busiest ports in the US, the Port of New York and New Jersey has now surpassed the Port of Long Beach due to a boom in container volume that has been triggered by a gradual shift away from the US West Coast ports.

Solidifying its status as the second busiest port in America, the year-to-date container volumes at the port have reached 8,157,584 TEU, an increase of 7.3 per cent from the 7,455,786 TEU handled in the same period in 2021.

READ: New York – New Jersey drives down empties

As the number of containers passing through the US West Coast ports continues to decline, the Port of New York and New Jersey continued to hold the top rank as the busiest in the nation for a third consecutive month.

The port carried approximately 19 per cent more cargo in October 2022 than it did in pre-pandemic October 2019.

1. The Port of Los Angeles

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Los Angeles, Ca, USA – June 21, 2015: San Pedro, California/USA June 2015. Container ship Agusta Kontor transporting cargo at The Port of Los Angeles with the Vincent Thomas Bridge in background

Securing its spot at the top of the list is the Port of Los Angeles.

Similar to the Ports of New York and New Jersey, consumer demand has pushed Los Angeles’ container handling figures to new highs. In the first 10 months of 2022, the Port of Los Angeles handled 8,542,944 TEU, a 6 per cent decrease from last year’s record pace when 9,079,561 TEU were processed.

READ: Hyster tests hydrogen container handler at Port of Los Angeles

When compared to October 2021, the Port of Los Angeles handled 678,429 TEU, a 25 per cent decline in cargo volume.

Port of Los Angeles Executive Director, Gene Seroka, cited that shippers awaiting the conclusion of labour contract negotiations have been largely responsible for cargo shifting away from the West Coast.

This explains why the Port of New York and New Jersey saw a considerable rise in cargo handling that ultimately helped it surpass the Port of Long Beach.

READ: Port of Los Angeles receives $20 million grant to boost freight movement

The two-year period of a containership backup has now come to an end due to decreased traffic in both Californian ports. Throughout the pandemic, with a peak of 109 on 9 January 2022, containerships lining up outside the major US West Coast ports was a common sight.

Currently, there are just a handful of vessels at anchor outside of the ports, as opposed to 81 containerships on 22 November 2021.

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DP World Launches New Technology Innovation Center in India

DP World has opened a new technology centre in Gurgaon, India – its third this year following two in Hyderabad and Bangalore earlier this year.

The facility, located about 30 kilometers southwest of India’s capital New Delhi, will host over 240 people.

DP World will tap into India’s digital economy growth – set to reach $1 trillion by 2025 – nurturing resources to develop the latest available technologies, including blockchain, artificial intelligence and machine learning to automate trade flows.

DP World’s presence in the Indian technology market has grown rapidly to more than 450 employees and the opening of three offices in 2022.

The company aims to reach an employee headcount of 700 by the middle of next year.

READ: DP World divests stake to Indian Infrastructure Fund in $300 million investment

“At DP World, we are focused on developing cutting-edge applications and solutions to solve real-world trade problems,” said Pradeep Desai, DP World’s Chief Technology Officer.

“Across the industries in which we operate in, trade is moving from analogue to embrace new digital solutions. Our teams will be able to build and trial new solutions – from conception to execution – helping to automate the flow of trade.

We are investing heavily in end-to-end logistics, trade finance, e-commerce and market access, all for benefitting cargo owners. In addition, efficiencies can be achieved in supply chains by using IoT to run operations, digital twins to monitor activities and movement of cargo via alternate modes of transport using optimization techniques.”

During COP27 in Egypt, DP World announced it will invest up to $500 million to cut CO2 emissions from its operations by nearly 700,000 tons over the next five years.

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Maersk, JCB Sign Logistics Agreement

Maersk has signed a new multi-year partnership with construction and agricultural equipment manufacturer JCB (one of the largest privately-owned companies in the UK) to provide logistics services across its entire supply chain.

Under the agreement, Maersk will become the new global Lead Logistics Provider (LLP) for JCB offering end-to-end supply chain management services and management of its appointed third-party warehousing provider.

Maersk will establish a global control tower in the United Kingdom, and three regional control towers in the United States, China and India to provide multimodal cargo services and oversee JCB’s end-to-end supply chain.

The carrier said it will also deliver consolidation and customs services for JCB across various locations and manage its UK warehouse provider on a LLP basis, Unipart Logistics.

“JCB recognises the great value that our integrator strategy offers for their supply chains,” said Gary Jeffreys, Maersk’s Area Managing Director UK & Ireland.

“JCB and Maersk are an excellent strategic fit. This partnership will deliver a more agile and sustainable global supply chain for JCB.

“Maersk’s experience and the collective strengths of both companies make it a great opportunity for us to deliver this vision.”

Maersk currently offers integrated logistics solutions in more than 550 warehouses with a total global space of around 9.5 million square metres.

Last month, Maersk signed new leases for three new low-emissions distribution centres in Doncaster and Dublin.

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DP World Launches Business Development Branch

DP World has launched the Global Business Corporation (GBC).

The new strategic arm focuses on supporting large companies in achieving growth ambitions.

The initiative invites companies to enhance their international operating models with a base in the emirate.

The GBC aims to raise awareness of Dubai’s strengths and benefits as a location for high-value centralised business operations of large companies, such as headquarters, functional centres of excellence, and finance and treasury hubs.

GBC can provide business set-up and licensing – under unique common law-based GBC Regulations – for large companies that wish to set up a limited liability entity or branch in Dubai.

READ: DP World forecasts stable growth as revenues top $8 billion

A GBC license permits a foreign or domestic corporate group to own and operate a business management entity, allowing them to build a wide range of functional expertise and regional management capabilities as well as intellectual property, based on their strategies, operational needs, and capital requirements.

GBC companies registered in the Jebel Ali Free Zone (Jafza) can also be used as holding companies.

DP World believes GBC will help companies access a comprehensive portfolio of business enablement solutions and a thriving business ecosystem in Dubai to facilitate new opportunities for businesses to expand their operations in Dubai.

“Dubai’s location provides easy access to vast opportunities in the emerging markets of the Middle East, Africa, Europe, and the CIS,” said Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World.

“With the growth of manufacturing in this region, our air, sea, road, and rail infrastructure seamlessly connect Dubai to markets all over the world. Dubai’s world-class business-enabling infrastructure, access to highly skilled talent pools and its ability to offer an array of strategic advantages make it one of the globe’s most growth-friendly business hubs.”

GBC is complementary to the coalition of Dubai’s foreign direct investment advocacy and advisory groups. GBC will further enhance Dubai’s ability to add value and agility to corporations establishing their headquarters or regional hubs in the city.

In August DP World announced a partnership between CARGOES Finance By DP World and TuningBill, the business-to-business neobank.

costa carriers maersk LF

Maersk Completes $3.6 Billion Acquisition of LF Logistics

Maersk has announced the completion of its acquisition of LF Logistics, a Hong Kong-based contract logistics company.

LF Logistics offers capabilities within omnichannel fulfilment services, e-commerce, and inland transport in the Asia-Pacific region.

As consequence, LF Logistics will be rebranded to Maersk.

Following the acquisition, Maersk will add 223 warehouses to the existing portfolio, bringing the total number of facilities to 549 globally, spread across a total of 9.5 million square meters.

“I am thrilled to welcome LF Logistics to Maersk. Maersk in Asia has historically been primarily focused on ocean transportation out of Asia and related logistics services,” said Ditlev Blicher, Regional Managing Director of Asia Pacific at A.P. Moller – Maersk.

“With the addition of LF Logistics, Maersk gains unique and best in class capabilities to servicing the important and fast-growing consumer markets in Asia. Furthermore, LF Logistics expertise in omnichannel fulfilment positions us well with the global e-commerce market.”

LF Logistics employs 10,000 people.

READ: Maersk kicks off construction of green warehouse in Denmark

The firm specialises in B2B and B2C distribution solutions within retail, wholesale, and e-commerce, and a strong base for Maersk to expand within Asia-Pacific and globally.

“LF Logistics has an enviable track record of profitable growth in the region for more than two decades. Maersk’s global presence provides an ideal platform for our next phase of organizational expansion and development,” said Joseph Phi, Group CEO of Li & Fung and CEO of LF Logistics.

The value of the transaction is $3.6 billion (enterprise value) post-IFRS 16 lease liabilities. It is expected that revenue and EBITDA in the in-country logistics business will more than double by the end of 2026.

As part of the transaction to acquire LF Logistics, Maersk has entered a strategic partnership with Li & Fung to develop a comprehensive range of end-to-end global supply chain services with Li & Fung focusing on the upstream supply chain and Maersk focusing on the downstream supply chain.

Earlier this week, APM Terminals (APMT), part Maersk, announced it will divest its minority stake in Russian container terminal operator Global Ports Investments PLC (GPI).

ferrymasters

DP World Combines Unifeeder With P&O Ferrymasters

DP World has combined Unifeeder Shortsea with P&O Ferrymasters to offer an enhanced proposition to its European customers.

The agreement will take place with immediate effect and will establish a single brand – P&O Ferrymasters – combining the strengths of both multimodal operators under DP World’s wing, offering customers Intra-European multimodal transportation solutions via trailer, container, and rail.

“By joining the forces of the two leading multimodal specialists we will establish a single brand standing for unique intra-European multimodal transportation and logistics services,” said Timm Niebergall, CEO of P&O Ferrymasters.

“It will enable our valued customers to benefit from the widened outreach and network, as well as direct access to a full range one-stop shop for multimodal supply chains services in Europe, while our vendors will benefit from opportunities for closer collaboration.”

All present agreements with P&O Ferrymasters and Unifeeder Shortsea will be honored and remain in place and there will be no changes to the daily business or operations.

In other recent news, DP World has commenced construction of a new container terminal, vertical quay, and silo in the Port of Novi Sad to support the Serbian agricultural industry.

The project is part of DP World’s €30 million ($21 million) investment in the port and the most significant proportion of the investment to date.

The ground-breaking ceremony was attended by the Minister of Construction, Transport and Infrastructure, Tomislav Momirović, and Mayor of Novi Sad, Miloš Vučević on 13 May.

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Maersk Maritime, Logistics Businesses Deliver Record Q1 2022 Results

A.P. Moller – Maersk (Maersk) has released the Q1 2022 financial results of its Ocean, Logistics and Terminals businesses, posting significant upsurges in revenue.

The Danish giant previously reported whole company total revenues of $19.3 billion for Q1 2022 (period ending 31 March), a 55 per cent year-on-year increase.

EBIDTA more than doubled to $9.1 billion and free cash flow also rose to $6 billion.

These record figures were driven primarily by higher freight rates and strong long-term partnerships with customers seeking end-to-end supply chain support.

“In Q1 we delivered the best earnings quarter ever in Maersk with growth across Ocean, Logistics and Terminals,” said Søren Skou, CEO of Maersk.

“The increased earnings are driven by freight rates and by contracts being signed at higher levels. While global supply chains remain under significant pressure, we continue to demonstrate superior ability to help customers overcome logistic challenges.

“In Logistics, we enjoyed strong demand for products and solutions across our portfolio leading to the 5th quarter in a row with organic growth of more than 30 per cent while Terminals presented its best quarter ever.”

Maersk’s Ocean revenue for the period rose 64 per cent to $15.6 billion. As a result of retail slack season, global demand has fallen 1.2 per cent. Due to this, volumes declined by 7 per cent, however, this was offset by strong rates.

Income for the full year is expected to continue to be strong as the increase in freight rates on Maersk’s long-term contract portfolio will add approximately $10 billion to its revenue in 2021. Maersk noted this will offset the recent 21 per cent rise in costs due to higher fuel and inflationary pressure.

The company’s Logistics business also saw a large upturn in revenue, rising 41 per cent to $2.9 billion. Maersk continues to invest in acquisitions including the recent takeover of Pilot Freight Services which was finalized on 2 May.

In Terminals, revenue amounted to $1.1 billion in Q1 2022, up from $915 million in Q1 2021.

Looking forward, Maersk foresees global container demand to fluctuate slightly between -1-1 per cent, down from an earlier expectation of 2-4 per cent. This comes as trade flows and consumer confidence in Europe is negatively impacted by the Ukraine war.

As previously announced on 28 April, the whole company now expects its EBITDA for the year to come in at around $30 billion, underlying EBIT to amount to $24 billion, and free cash flow to be above $19 billion. Previously EBITDA was expected to total $24 billion in 2022.

demand shanghai customer

Supply Chain Pressure Mounts as Shanghai Extends Lockdown

Due to rising cases of COVID-19, the lockdown in Shanghai has been extended – sparking congestion fears amongst port officials.

China’s largest city went into lockdown on 28 March. While the lockdown was initially intended to last 10 days, it has now been extended.

On 2 April, Shanghai reported 438 confirmed locally transmitted cases and 7,788 asymptomatic carriers.

Despite this, operations at the Port of Shanghai remain active, with industrial companies and customs switching to a two-shift operation.

Although preventative measures have been implemented at China’s largest port, authorities across the world are beginning to see delays in supply chains.

“The COVID-19 outbreak in Shanghai is causing a local lockdown that is also affecting the port,” said the Port of Hamburg in a statement, noting that Shanghai is now in a state of “emergency” in managing COVID-19 transmission.

“The extent to which this will have an impact in Hamburg is not yet foreseeable. This will only become evident in a few weeks’ time.”

For the Port of Hamburg, Shanghai is one of the most important ports in China trade as they are connected by 13 liner services and four general cargo services.

In an attempt to alleviate the pressure on road transportation caused by the impacts of the crisis, the Shanghai International Port Group (SIPG) has announced the launch of a container “land-to-water” service, covering the ports in the Yangshan area and Waigaoqiao area of Shanghai port to related ports in the Yangtze River Delta areas.

Under the service, customers can first transport containers to the Taicang Service Center, and then transfer them by ship to Shanghai Port and divert customers’ road transportation needs to waterways.

maersk

Maersk Dyros Undergoes Inspections

The Maersk Dyros vessel that suffered container loss and damage last month has arrived in Lazaro Cardenas and is undergoing inspections.

On 21 March, the 4,578 TEU box ship lost around 90 containers in the North Pacific Ocean due to rough weather conditions.

Approximately another 100 containers were damaged but no crew members were injured.

In a recent customer advisory, Maersk wrote that the ship had been diverted to Lazaro Cardenas, Mexico.

“On 3 April, the ship arrived at Lazaro Cardenas, Mexico, and inspections of the vessel are already underway. The vessel is expected to come alongside on 7 April,” a representative from the Danish shipping line told PTI.

“Once alongside, the vessel will undergo further assessment and we will have more specific details on the extent of damaged containers at the end of this week.

“The discharge operations will also begin once alongside and are expected to take two weeks. The vessel will also need to be assessed for any necessary repairs, which could add additional time at Lazaro Cardenas.”

The vessel was on its way from Yantian, China, to Seattle, USA when the incident occurred.

In other news, recent bottlenecks in Far East Asia have led Maersk to change a number of its shipping schedules.

This was arguably mainly driven by the recent lockdown in Shanghai, China which has recently been extended.

Despite operations at the Port of Shanghai remaining active, Maersk-operated depots and warehouses across the city are remaining closed.

operation boosting its quay side capacity by 30 per cent and enabling it to handle taller vessels and infra-European services.

Port of Liverpool Sets a Number of Records Across its Terminals

Since the start of 2022, the Port of Liverpool, operated by Peel Ports, has set a number of record-breaking achievements across its container terminal division.

In March this year, the port handled a total of 52,300 containers (89,400 TEU), beating its previous record high of 47,200 containers (81,750 TEU) in October 2019.

Additionally, Liverpool2 successfully deployed five cranes simultaneously earlier this week for the very first time since the terminal opened in 2016, as it handled the MSC Hong Kong in just 4,516 container moves (7,350 TEU) – shattering the previous record.

In February, the port’s Terminal 1 brought two additional ship-to-shore (STS) cranes into operation, boosting its quay side capacity by 30 per cent and enabling it to handle taller vessels and infra-European services.

As part of Peel Port’s £400 million ($523 million) investment into Liverpool2, a second phase of the programme was fully completed at the start of 2022. This saw the addition of five new cantilever rail-mounted gantry (CRMG) cranes, bringing the total set to 22 CRMGs.

“These record-breaking achievements are real evidence of the increasing capabilities and optimised efficiencies of our containerised cargo operations at the Port of Liverpool,” said David Huck, Chief Operating Officer of Peel Ports Group.

“The significant investments we have made over the last few years have enabled us to grow and develop our capabilities in order to enhance our service levels across both our terminal operations. This is a real testament to the hard work and dedication of our people.

“The Port of Liverpool has a bright future ahead as a centre of excellence providing global shipping lines reliable access to major import and export opportunities at the heart of the UK.

“We are fully committed to continuing to invest sustainably in what is one of the most efficient and modern container port operations in the UK and deliver the best possible service for all our customers.”

In other recent news, logistics firm Maritime Transport Ltd. has agreed a 30-year lease with Peel Ports and a major expansion of its transport depot at the Port of Liverpool.

The multi-million-pound project will see the facility increase from four acres to ten with a new storage yard for loaded containers, significantly enhancing Maritime’s operation in the Northwest.