Chinese Container Ship Traffic To CA Ports Down 44%

CNBC reports:

The pullback in trade between the U.S. and China as a result of President Trump’s steep tariffs on Chinese goods and fears of a recession are starting to show up in major ports data, with a steep drop in container vessel traffic headed to Los Angeles and Long Beach.

For the week ending May 3, the number of freight vessels leaving China and headed to the Southern California ports, the main U.S. ports receiving Chinese freight and other Asian trade, is down 29% week-over-week, according to Port Optimizer, a tracking system for ships. Year-over-year, the data shows a 44% drop in vessels scheduled to arrive the week of May 4-May 10.

This data is updated on a daily basis based on the vessel manifests declaring the port destination. These vessels are either scheduled to leave Asia or are already on the water and headed to these ports.

Read the full article. Last week CNBC reported that 80 container ship sailings out of China had been canceled entirely.