Port of Oakland closes 2023 at 2 million TEU

Port of Oakland announce full import and export TEU rise in December 2023

The Port of Oakland has ended 2023 with a total of 2.1 million TEU, down 11.6 per cent from 2.34 million TEU in 2022.

Full TEU declined 10.1 per cent, registering 1.57 million TEU in 2023, in contrast to 1.75 million TEU in 2022. 

Full imports rose 16.4 per cent, moving 76,347 TEU in December 2023, compared to 65,566 TEU in December 2022. This is the highest monthly total since July 2023.

Full exports also climbed 12.9 per cent, registering 65,801 TEU in December 2023 in contrast to 58,302 TEU in December 2022.

Empty imports dropped 9 per cent, with 12,210 TEU transiting port facilities in December 2023, versus 13,419 TEU in December 2022.

Empty exports declined 15.9 per cent, handling 21,655 TEU in December 2022, compared to 25,741 TEU in December 2022.

West Coast ports are experiencing an increase in container activity as cargo initially intended for transit through the Panama Canal is being redirected, while vessel traffic to US Gulf and East Coast ports via the canal remains restricted.

READ: Port of Oakland names new Chief Real Estate Officer

Port of Oakland Maritime Director, Bryan Brandes, said: “Carrier on-time performance has improved importer confidence and provided valuable vessel space for our agriculture exporters to move their products from Oakland.

“We anticipate a continued rebound in 2024 as we move on with our plans in modernizing the port and reducing emissions from our maritime operations.”

The Port of Oakland overall import and export volumes were lower in November compared to the previous month, reporting 132,648 TEU compared to 142,255 TEU in October, signifying a 6.8 per cent reduction.

Earlier this year, Parsons Corporation (PSN) announced the introduction of the Freight Intelligent Transportation System (FITS) at the Port of Oakland, California, together with Advent eModal, Mobile Programming, and other key players.

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