rss icon Subscribe
desktop mobile

Port of Oakland Container Imports at All-time High

(Photo: Port of Oakland)

Shailaja A. Lakshmi

Port of Oakland containerized import volume reached an all-time high last month, according to data released today. The port said it handled the equivalent of 87,207 20-foot import containers in June. That beat the previous monthly record of 84,835 containers set last July.

June import volume was up 8.7 percent over June 2017, the port said. It explained that two factors may have led to the increase: Peak season - the summer-fall period when most U.S. imports from Asia are shipped - is expected to be strong; and importers may have ordered aggressively in June ahead of tariffs imposed this month by the U.S. and China.

"Retailers have been forecasting a good peak season for containerized imports, so June's numbers weren't surprising," said Port of Oakland Maritime Director John Driscoll. "But there's uncertainty over the international trade picture, so we're taking a wait-and-see approach."

The port said it's too soon to project the impact of 2018 tariff increases on cargo from China. It said the increases would have affected about $225 million of China imports had they been in place last year.

The port said that total container volume in Oakland is up 2.3 percent so far, this year. That's in line with a January port forecast calling for 2-to-3 percent growth in 2018.

Containerized export volume is down 1.8 percent through six months of 2018, the port said. Exports decreased 4.7 percent in June. The port attributed the decrease to a strong U.S. dollar which makes American goods costlier overseas.

Jul 12, 2018

 

Finance

Gulftainer Signs 50-year Lease for Port of Wilmington

Peter Richards, Group CEO of Gulftainer; Delaware Gov. John Carney; H.E. Yousef Al Otaiba, Ambassador of the United Arab Emirates to the United States; and Badr Jafar, Chairman of Gulftainer’s Executive Board, at the ceremony marking the Port of Wilmington concession agreement signing. Photo by Gulftainer

Gulftainer, the world’s largest privately-owned independent port operator and logistics company

Marine Insurance: Protect Your Yacht, Yourself

The Author, David Cunningham.

All my life, I grew up around boats. My dad was a captain for 23 years, and I would travel on his

Baltic Index Eases on Weaker Capesize Rates

© Anatoly Menzhiliy / Adobe Stock

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

Logistics

Olmsted: Online & Open

A USACE rendering of the Olmsted lock area infrastructure (Credit: US GAO)

After more than 30 years of frustratingly slow progress, cost overruns and more than a few mistakes

Gulftainer Signs 50-year Lease for Port of Wilmington

Gulftainer, the world’s largest privately-owned independent port operator and logistics company based in the United Arab Emirates, finalized a 50-year concession agreement with

Diana Shipping Signs TC Contract for m/v Artemis with Ausca

Image: Diana Shipping Inc

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a

Maritime Apps