Executive Briefings

U.S. Vessel Imports Drop 3.7 Percent in June

Zepol Corporation, a trade intelligence company, reports that U.S. import shipment volume for June, measured in TEUs, was down 3.7 percent from May, but is up 4.4 percent from June 2011. Similarly, Q2 of 2012 has topped last year at this time by 4.7 percent. Although there was a drop from last month, June had the second-highest TEU imports so far this year, outdoing January by a slight 1 percent. Last year saw a comparable trend in the summer months with a moderate dip in June, but spikes in July and August.

A closer look at U.S. imports for June shows:

1. Exporting Countries - The majority of Asian countries saw a minor drop in shipments to the United States; China decreased by 0.03% from May and similar percentages were seen from South Korea and Japan. Germany, on the other hand, had a fairly large drop of 12.9% from May. On a different note, Brazil and Chile both rose in exports to the United States in June by 14.3% and 7.2%, respectively.

2. U.S. Ports - Seven of the top 10 ports dropped in TEU imports in June. The ports of Los Angeles and Long Beach decreased in imports from May by 5% and 3.7%, respectively. The Port of Seattle had the highest import increase of the top ten by 2.2%. Another notable increase was seen from the Port of Miami, which rose 4.8% last month. For Q2 of 2012, the Port of Tacoma had a giant import spike of 23.3% from Q2 of 2011.

3. Carriers - Similar to countries and ports, most VOCCs (vessel operating common carriers) were down in TEU imports in June. Maersk Line saw a 6.6% decrease in imports and Mediterranean Shipping Company also dropped 8.6%. Conversely, China Ocean Shipping Company and Orient Overseas Container Line both rose over 8% from May. For total Q2 numbers, Maersk Line and CMA CGM take the cake for the largest import increases; Maersk rose 16.9% from Q2 of 2011 and CMA CGM was up 18.5%.

Zepol's data is derived from bills of lading entered into the Automated Manifest System. This information represents the number of house manifests entered by importers of waterborne vessel goods.

Source: Zepol Corporation

 

A closer look at U.S. imports for June shows:

1. Exporting Countries - The majority of Asian countries saw a minor drop in shipments to the United States; China decreased by 0.03% from May and similar percentages were seen from South Korea and Japan. Germany, on the other hand, had a fairly large drop of 12.9% from May. On a different note, Brazil and Chile both rose in exports to the United States in June by 14.3% and 7.2%, respectively.

2. U.S. Ports - Seven of the top 10 ports dropped in TEU imports in June. The ports of Los Angeles and Long Beach decreased in imports from May by 5% and 3.7%, respectively. The Port of Seattle had the highest import increase of the top ten by 2.2%. Another notable increase was seen from the Port of Miami, which rose 4.8% last month. For Q2 of 2012, the Port of Tacoma had a giant import spike of 23.3% from Q2 of 2011.

3. Carriers - Similar to countries and ports, most VOCCs (vessel operating common carriers) were down in TEU imports in June. Maersk Line saw a 6.6% decrease in imports and Mediterranean Shipping Company also dropped 8.6%. Conversely, China Ocean Shipping Company and Orient Overseas Container Line both rose over 8% from May. For total Q2 numbers, Maersk Line and CMA CGM take the cake for the largest import increases; Maersk rose 16.9% from Q2 of 2011 and CMA CGM was up 18.5%.

Zepol's data is derived from bills of lading entered into the Automated Manifest System. This information represents the number of house manifests entered by importers of waterborne vessel goods.

Source: Zepol Corporation