News / Ageing inventories defeat shipping lines' GRI plans

© Tawatchai Prakobkit |

US container import volumes fell by 21% in April, compared with the same month of last year, according to the latest analysis by consultant John McCown ? and there are no signs of an early recovery in demand.

The Port of Los Angeles, for example, saw its import container throughput collapse by a quarter last month to 343,688 teu, from the elevated highs of a year ago, when at times there were 100 ships anchored outside the San Pedro Bay area ...