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Source: Unionosity
The Puget Sound ports of Seattle (above) and Tacoma led the way in total container volume increases, with a total of about four percent.
Container volumes at West Coast ports increased 4 percent in December, but 2012 overall was a lackluster year as the total of import and export containers increased only 2 percent from 2011.
According to numbers published on the Web site of the Pacific Maritime Association, imports led the way, increasing 3 percent from 2011. Exports declined 1 percent. The drop in exports most likely resulted from slowing manufacturing in China and a subsequent drop in shipments of raw materials to that country.
The ports of Seattle and Tacoma outperformed other port regions, with the total container volume last year increasing 4 percent. The container volume in Los Angeles-Long Beach increased 1 percent, Oakland was flat, and the container volume in Portland dropped 2 percent.
More at the Journal of Commerce
The completion of the Panama Canal expansion may be delayed by at least another six months, according to Grantley Stephenson.
The president of the Caribbean Shipping Association (CSA) said that the wider, deeper canal, which is expected to unlock huge potential in transshipment business for the region, will more likely become fully functional in 2016.
The Canal was originally set to be completed next year, while delays pushed back the projections, up to the end of last year, for the project to be completed in first half of 2015.
More in the Jamaica Observer
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