03 October 2024 Vizion
Currently, we've seen new shipments entered for import and exports utilizing these ports decrease significantly. The weekly average in July and August was 97K TEUs and in the week of September 22 reduced to 14,895 TEUs.
There are a significant amount of shipments currently scheduled to arrive into or depart out of the affected ports. The total scheduled imports affected represent 665,700 TEU or 60% of all future US imports, with approximately $21B in estimated cargo value.
Based on the last 12 months of shipment bookings in Vizion's Tradeview platform, the affected US Ports represent 55% of all US Imports, 71% of all US Exports, and 27% of Global Import Activity, and 12.5% of Global Export Activity. On average, each month these ports bring in 784,000 TEU (containers). The monthly average for exports from these ports are 329,200 TEU.
The companies named in our analysis include large importers Walmart, for example, which relies on these US ports for approximately 86% of their total US Imports, similarly for First Solar as well (97% of their US Import volume). On the Export side you have ExxonMobil, where 97% of their US Export volume utilized these ports in the last 12 months (second only to Dow Chemical at 78%).
The types of imported cargo identified include furniture, bedding and mattresses (54% of the volume for this cargo type are brought in through these ports). Exported goods like plastics (80% of all US plastics exported), wood pulp products (72%), and meat products (77%).
Screenshot from Vizion's daily report on the ILA strike impacts
Starting October 1st, Vizion will produce daily snapshots of in transit import shipments and vessels that are rerouted or remain anchored, waiting to unload their goods
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