Cargo ships multiplying off Ca Coast

[Racer56]

So if volume is down so much in the Port of LA and long beach why are there still ships sitting for months at a time waiting to get unloaded?

 

[Danger Dave]

So if volume is down so much in the Port of LA and long beach why are there still ships sitting for months at a time waiting to get unloaded?

According to the report from Friday, there aren't any.

https://kentico.portoflosangeles.org/getmedia/a9af147a-ace7-4f27-9b2f-b25ecb73dc30/operations-report

 

[spectra3279]

According to the report from Friday, there aren't any.

https://kentico.portoflosangeles.org/getmedia/a9af147a-ace7-4f27-9b2f-b25ecb73dc30/operations-report

They are down by Mexico now

 

[Danger Dave]

They are down by Mexico now

Not according to the report. There are 43 total between Asia and +150NM of the POLA/POLB complex with 0 days dwell time when they arrive.

 

[bbrownster]

The article only mentions Port of LA, which may or may not include Long Beach volume. Either way the volume is down and many importers have moved to other ports.

The busiest port in America is no longer on the West Coast - WTOP News

The Port of Los Angeles has been the busiest container port in North America for decades, moving around 10 million cargo containers filled with goods and bringing in roughly half a billion dollars in revenue each year. But for the past three months, the Port of New York and New Jersey has been...

wtop.com

I flew out of LAX on Friday. The port looked empty compared to past times. Four ships seems about right.

 

[boatpi]

We are US Customs licensed importers. As noted, the shipping congestion is all gone, and who truly knows why. No doubt many reasons. No containers arrive in 6 weeks from Asia, and pricing has fallen to Pre Covid pricing. It got so bad we were losing $$ every month due to no material to sell. Now we cannot keep up and have added another North America aluminum mill as back up.

 

[yuppie]

We are US Customs licensed importers. As noted, the shipping congestion is all gone, and who truly knows why. No doubt many reasons. No containers arrive in 6 weeks from Asia, and pricing has fallen to Pre Covid pricing. It got so bad we were losing $$ every month due to no material to sell. Now we cannot keep up and have added another North America aluminum mill as back up.

A sign on the looming recession getting closer?

 

[OCMerrill]

We were out on the water Friday night, running around the islands, Queen Mary , etc.

Did not see a single container ship but there are perhaps a dozen oil tankers sitting low in the water and many were all dark.
Just sitting on the oil waiting for higher prices I would imagine.

 

[Go-Fly]

A sign on the looming recession getting closer?

We as a nation and the world economy will see a recession because we have over spent money we didn't have. Job openings will be 2-1. Unemployment should be at record lows. There will be a record number of homes that need to be built. There will be a record numbers of homes that are vacant, just sign the papers and move in. Most store chains and businesses will have record inventory. The trades will have a record number of jobs that need to be done. More oil then we can use. High inflation with the best profit margin in the history of the United States. Best economy ever, if you can afford it.

 

[Mark G]

We are US Customs licensed importers. As noted, the shipping congestion is all gone, and who truly knows why. No doubt many reasons. No containers arrive in 6 weeks from Asia, and pricing has fallen to Pre Covid pricing. It got so bad we were losing $$ every month due to no material to sell. Now we cannot keep up and have added another North America aluminum mill as back up.

According to my Longshoreman buddies, they just dumped and quadriple stacked the containers on leased land around Wilmington and West Long Beach. The 2 forman I talked to made 400g+ last year with all the OT.

 

[Done-it-again]

During the congestion at the ports. They pushed all the ships 100 miles off the cost to hold before coming into offload. They didn’t like the media showing all the ships close by, hence they pushed them out.

 

[02HoWaRd26]

I’ll add one thing, the railroads are slow slow right now. Sitting in for days and the deadhead traffic is in all directions.

 

[Mark G]

I talked to one of the longshoremen he said there dock has handled 300k more containers already this year than last. They could hire more guys but would be stuck paying unemployment when it does catch up. Have not talked to the casuals I know imagine there working as much as possible to log hours.

The other thing I heard was they have had to move containers several times instead of once. It wastes time shuffling them around instead of loading them on trucks or rail.

Casuals told me very little work. That was as of July.

 

[NicPaus]

Casuals told me very little work. That was as of July.

This thread is from last year

 

[pronstar]

Container rates from China to the US are down 90% YOY

Wholesale orders are way down, and distribution centers in China are at loaded-up with inventory.

Even Nike has said they’ve got millions of dollars in shoes that will likely get destroyed because the orders dried up, and aging fashion inventory typically gets written down fairly quickly

Nike discounting excess inventory; investors worried about company's stock number

"We effectively have a few seasons landing in the marketplace at the same time," creating a glut, Nike CEO John Donahoe said on a call with analysts Thursday.

abc7chicago.com

 

[DirtyWhiteDog]

Does this mean container prices will drop back below $4k delivered again

 

[pronstar]

 

[retaocleg]

totally not a recession tho.......