PORTS OF LONG BEACH AND L.A. SHOULD BE WORRIED AND RIGHTLY SO
Not only does Southern California face a huge loss of shipping due to the completion in 2014 of widening the Panama Canal, but the long term effects of this recession has all but hammered the last nail into the coffin for the two largest ports in America. Unlike most gurus who have already proclaimed all [...]
SINGAPORE AND THE PHILIPPINES ARE CASHING IN ON SHIPPING
With international trade now in double digit percentage decline, as ships unload their last cargoes they head back to Asia in ballast to await their fate. And Singapore and the Philippines are welcoming them with open arms because it is a lucrative business. Already over a thousand large container ships are anchored in their ports. [...]
Imports Through Long Beach and Port of L.A. in a Slump
Not long ago the biggest export ex California was “air”; yes, the Californian air inside empty containers! Already for 2008, the number of containers coming into these ports from Asia is down over 10% and the silly season of September/October with the Christmas stocks hasn’t yet arrived. Consumer spending on foreign-made junk is down and [...]
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