East Coast ports making gains The ports of Los Angeles and Long Beach on the US west coast may reign top as the largest and busiest ports in the country, but ports along the east coast have slowly been making gains. According to the Pacific Merchant Shipping Association (PMSA) West Coast Trade Report released last year, gulf and east coast ports have been catching up with their western counterparts.
Mexico’s economy Mexico is ranked as 13th largest export economy in the world. That’s despite the country’s GDP growth weakening to 2% in 2017 (from 2.286% in 2016) due to uncertainties from the North American Free Trade Agreement (NAFTA) renegotiations, a slowdown in investments, among others. Notwithstanding, investments are expected to resume growing in 2018 as these concerns begin to ease. Analysts say this should result in an accelerated growth of Mexico’s economy.
Top 10 ports in China As an economic powerhouse, China’s financial influence and prowess must not be overlooked and underestimated. China is the world’s top exporter, far leading second-placed US by nearly 50%. That said, it should then come as no surprise that seven of the top 10 largest ports in the world are located in China. Coupled with the fact that shipping is responsible for 90% of world trade, it’s safe to say that China is a major influencer of the world’s commercial trade ocean freight movements.
What are the top 10 US ports? With the US contributing to over 26% of the total world consumption, it’s no surprise that the ocean freight industry is crucial to its economy. That said, some of the world’s biggest and busiest ports are from its coastal regions.If you’re thinking of importing/exporting to or from the US, besides checking container shipping rates, it’s also advisable to do some research about the key US ports.
US to Netherlands shipping times If you’re planning an ocean freight shipment to the Netherlands, one of the – if not the – key issues is the shipping time. The Netherlands is home to Europe’s largest and busiest port – the port of Rotterdam. That said, it’s no wonder that most of the US shipments to the Netherlands arrive here or the port of Amsterdam. Depending on the departure port in the US, a shipment could take anywhere from eight to 53 days.
Introduction: Port Miami Located strategically at the crossroads of the Americas, it’s no wonder that Port Miami is one of the US’ busiest ports. Given its location, many shippers use it as a transfer point for the transshipment of Asian ocean freight goods en route to South America. Of all the southeastern US ports, the Port of Miami has the deepest shipping channels. It’s also the only port that’s able to handle neo-Panamax vessels.
Antwerp Port’s outstanding 2016 growth For an inland location, Antwerp Port continues to record outstanding growth. The Belgian port recorded an above-average market growth in 2016. This feat proves ever more impressive considering that the miserable market figures for the ocean freight industry in recent years have, more often than not, threatened to stay. Overall in 2016, the port of Antwerp handled a total freight volume of over 214 million tons.
Top ports in South America When discussing the ocean freight industry, hardly anyone ever mentions South America. Not a single carrier in the top 20 shipping lines are from South America. Not even the top 30.. Straddling the Atlantic and Pacific Oceans, that seems rather bizarre. Furthermore, none of the South American ports feature in the top 20 ports in the world. You’d have to go down to 38th place to find the first South American representative - Santos Port in Brazil.
Top 15 ports in Europe With Rotterdam leading the pack, the top 15 ports in Europe handled an astounding 68.7 million containers last year. Belgium’s Port of Antwerp experienced the largest growth. It recorded a 7.5% increase in traffic to leapfrog rival Hamburg Port into second place. A number of main Spanish ports, including Valencia and Barcelona, experienced a healthy annual growth rate. Handling 4.6 million TEUs, the Port of Valencia went one spot up into 5th place.
Rotterdam Port expanding reach into central Europe Rotterdam Port is moving to maintain its status as Europe’s biggest port. Even as it improves the efficiency of Dutch customs inspection procedures, retaining its throne also requires developing its ocean freight and railway transportation competitiveness. Amid increasing competition from neighboring ports, it now requires new terminals to use its expanded on-dock rail facilities. It’s part of its plan to extend its rail transport presence into the central European hinterland to acquire new markets.