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  • Maggie Mildenberger

US Port Review - September 2023

General Notes:

  • The ILWU (West Coast Dock Workers Union) now have a tentative agreement with the PMA (Pacific Maritime Association)

    • The agreement has not been ratified by either group yet, and will be voted on by the union workers in the coming months.

    • At this time, we believe the risk for a strike, work slowdown, or other disruptions has been negated.

    • Read more here

 

US Port Overview

  • At the start of September, we see that all US ports are operating with minimal delays.

    • Notably the maps and data in this report were taken immediately after a holiday weekend. While most ports show several vessels waiting this should even out over the next week.

      • Additionally, Hurricane Idalia cause some disruptions to the Gulf and Southeastern US ports. (Savannah was most impacted)

 

Fuel Updates

  • Ocean Fuel (VLSFO) has been at a stable price for most of 2023, over the last 6 weeks it has risen approximately 10%.

  • Diesel in the USA as the start of July is $4.47 a gallon (California is $1.20 more per gallon)

    • While diesel has seen slight declines throughout the first half of the year, the price continues to keep freight prices high.

      • Diesel has increased 10% over the last 5 weeks.

    • Additionally, average diesel prices reported by EIA.gov are typically lower than truck stop prices, and are average across large sections of the country.

 

Data Analysis:

  • July imports were in line with 2019

  • East / Gulf coast ports beat out the west coast in July.

    • This trend could easily change with the drought situation in Panama.

The PDF below is port-by-port review across the U.S. in September 2023 compared to 2022 & 2021.

US Port Review September 2023
.pdf
Download PDF • 605KB

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