Friday , 21 June 2019
Latest News

Container volumes fall in Long Beach

The Port of Long Beach has recorded a 1.9% year-on-year fall in container volumes with throughput in August falling to just under 680,000 teu.

Imports declined 3.6% to 343,000 teu, exports grew by 1.9% to just under 120,000 teu, and empty containers fell by 1.1% to just under 217,000 teu.

Mario Cordero, Port of Long Beach executive director, said: “Our Port’s decline in cargo over the last two months is in large part due to a realignment of ocean carrier alliance services and port calls.”

August 2017 was the sixth-busiest month in the facility’s history and the third-busiest at the time.

Despite the drop in August, the port’s throughput for the first eight months of 2018 are up by 9.4% to 5.31m teu, well above the figures for 2017 which was the port’s busiest year to date.  

Cordero believes the good business this year is an effect of higher tariffs by the United States and China, with shippers acting early in the year to beat duties imposed on goods which came into effect this summer.

Tracy Egoscue, board of harbour commission president said: “The higher container volumes earlier this year showed the ability of international trade to bring prosperity and jobs to the U.S. and world economies.”