rss icon Subscribe
desktop mobile

Long Beach Container Volumes Dip in July

Photo: Port of Long Beach

Shailaja A. Lakshmi

The Port of Long Beach saw a decline in container volumes in July compared to the same month a year ago, which hit a historic high that has since been surpassed.

The drop, 4.4 percent, was attributed to shipping alliances' decisions in July to shift vessel deployment and port calls. Port officials also raised concerns that escalating tariffs could slow trade activity - thus far the busiest in the Port's 107-year history - during the remainder of the year.

In total, terminals moved 688,457 twenty-foot equivalent units (TEUs) through Long Beach last month. Imports dropped 8.2 percent to 347,736 TEUs, while exports fell 5 percent to 119,747 TEUs. Ships departing the Port took 220,975 empty TEUs overseas, up 2.6 percent.

For the calendar year, the Port of Long Beach is on pace for its busiest year ever, topping 2017. Through July, volumes are 11.3 percent or almost half a million TEUs over the same period in 2017, totaling 4.6 million TEUs. June 2018 volume at the Port was the highest in its history, at 752,188 TEUs.

The Port of Long Beach is one of the world's premier seaports, a gateway for trans­-Pacific trade and a trailblazer in goods movement and environmental stewardship. With 175 shipping lines connecting Long Beach to 217 seaports, the Port handles $194 billion in trade annually, supporting hundreds of thousands of Southern California jobs.

Aug 12, 2018

 

Ports

White House Condemns Turkey's Tariffs on US Imports

© sezer66 / Adobe Stock

The White House on Wednesday condemned Turkey's doubling of tariffs on U.S. cars, alcohol and

Port of LA Reports Busiest July Ever

(Photo; Port of Los Angeles)

The Port of Los Angeles processed 833,568 Twenty-Foot Equivalent Units (TEUs) last month

BP Offloads Last Two Stranded Oil Cargoes in China

© Samt Mendher / MarineTraffic.com

Oil major BP on Tuesday offloaded about 1 million barrels of Angolan crude from supertanker

Finance

Oil Companies Make Few Bids in US Offshore Lease Auction

© flyingrussian / Adobe Stock

Oil companies bid on less than 1 percent of the parcels offered in a sweeping U.S.

Baltic Index Gains on Higher Rates Across Segments

sergeevspb / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk

'Hyundai Town' Grapples with Slowed Shipyard and Grim Future

(Photo: Hyundai Heavy Industries)

When Lee Dong-hee came to Ulsan to work for Hyundai Heavy Industries five years ago

Maritime Apps