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Latin American and Caribbean ports in face of COVID-19
In the last few months, the world has witnessed and continues to witness a drastic change in our daily lives, which has also caused a great impact on business, trade, and shipping. The outbreak of a pandemic changed all economic and trade expectations for 2020. From a forecast of 3.6% growth in container trade worldwide in the last quarter of 2019, to 2.5% in January 2020, new projections have lowered down expectations to -4.9%. This drop is partially explained, apart from the pandemic, by the continuing increase of blank sails and labour...
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Chinese ports: quo vadis?
With COVID-19 turning port lives upside down, the European Sea Ports Organisation (ESPO) has launched a weekly briefing of its membership throughout Europe on the latest developments – inviting PortEconomics members that have contributed to the life of the association to provide thoughts and reactions. In this week’s edition of “ESPO keeps going” Theo Notteboom writes on the “ports in a country that is taking center stage not only in the world economy but also in the Coronacrisis, i.e. China”. Chinese ports: quo...
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First edition of COVID19 port economic impact barometer confirms cargo build up at some ports
New IAPH-WPSP Weekly Port Economic Impact Barometer reports steady overall port cargo volumes last week with some dips, and significantly reduced passenger and cruise vessel calls. Dockworker availability has been impacted but not hampering operations, while the majority of non-essential port personnel are teleworking from home. As a further step to regularly inform ports and port users with its World Ports COVID19 Information Portal, the first weekly results of the World Ports Sustainability Programme’s (WPSP) Port Economic Impact...
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PortGraphic: COVID-19 cargo concentration pattern Hamburg-Le Havre range
By Theo Notteboom It is early days to estimate the ramifications of #covid-19 on ports. Still, past crises reveal interesting facts. The graph shows the impact of past crises on cargo concentration in the Hamburg-Le Havre port range in Europe. The orange line gives the combined market share (basis=TEU) of the three largest ports in the range, Rotterdam, Antwerp & Hamburg. The blue line depicts the Herfindahl-Hirschman Index (HHI) for the range. HHI is a concentration measure: the higher the index the more cargo is concentrated in...
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Weekly barometer οn COVID-19 economic impact on ports at world ports info portal
In response to requests of ports around the globe, the International Association of Ports and Harbors (IAPH), has set up a Task Force comprising some of the world's top experts to inform and guide the port authorities and users alike via a newly-established WORLD PORTS COVID19 INFORMATION PORTAL. PortEconomics developed impact barometer PortEconomics members Theo Notteboom and Thanos Pallis join the Task Force , working in the production of a weekly economic impact barometer to keep track of the economic implications of the pandemia to the...
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PortGraphic: COVID-19 and blank sailing impact on European ports
The Coronavirus has resulted in a high number of blanked sailings in container shipping. Until recently, these were caused by the sharply reduced port activity in China as factories across the country closed in the wake of the lockdown. In recent weeks, port operations in China turned back to normal after factories reopened, and truck drivers and dock workers resumed their activities. The current wave of announced blank sailings is caused by the sharp decline in demand from Europe as virtually all European countries have implemented full...
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PortGraphic: COVID-19 and how vulnerable are European container ports to the drop in Chinese port volumes?
By Theo Notteboom At the time of writing there were more than 73,000 cases of the COVID-19 virus and more than 1,850 deaths. China, and particularly the Hubei province, is responsible for most of the recorded cases and deaths. The outbreak of the COVID-19 virus has a huge impact on economic life in China with many factories and logistics flows still being affected. As global supply chains are severely disrupted, production and consumption centres around the world are starting to be affected by the situation in China. Several organisations...
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PortGraphic: The impact of COVID-19 to Chinese Cosco Shipping ports
By Theo Notteboom Below a graph showing the volume losses in January - February 2020 compared to the same period last year for the key #container #terminals of Cosco Shipping Ports. The impact of #COVID-19 is obvious. Chinese ports are slowly but surely becoming fully operational again, but it is expected also March 2020 will show negative figures for most Chinese ports. The full impact of the virus on European and North American ports will only start to be visible this month. If China is indicative, then prospects for these ports are...
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