The share of ports facing significant decreases in container vessel calls during the COVID-19 pandemic has increased, a new report has found.
Results from the fourth of a series of weekly Port Economic Impact Barometer Reports by the WPSP-IAPH COVID-19 Taskforce, released on 1 May, show the share of ports facing significant decreases in container vessel calls (in excess of a 25% drop) has climbed to 11%. This is compared to less than 10% last week and only 2-3% in the first two survey weeks of the taskforce reports.
This is despite more than half of the seventy six ports surveyed reporting a relatively stable situation for container vessel calls, compared to 41% in the last report.
The situation for the other cargo vessels is slightly improving with more ports now even reporting increases in vessel calls.
Other findings include less reporting of delays due to port call procedure changes, an improvement in port capacity and no significant increases in restrictions on cargo vessels.
On the intermodal side, some ports are suffering additional complications for cross-border cargo transits. However overall, rail, barge and truck availability have improved across the majority of ports surveyed.
Barometer co-author, professor Theo Notteboom, commented: “In quite a few countries, several industries will head back to work on May 4. It remains to be seen what adjustments ports will need to make, and what will be the effect of this partial ‘reopening’ of the respective economies.”
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May 04, 2020 at 10:20AM
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