Port of Oakland volume slump continues

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Oakland, USA - May 18, 2022: oakland harbor with container cranes in early morning light. Oakland serves as harbor for San Francisco.

The Port of Oakland’s total loaded container volume in June was down 1.5 per cent compared to June 2021.

The Port handled 163,757 loaded TEU last month compared to 166,252 in June 2021. The total volume, including empties, was down 2.9 per cent.

Loaded imports were slightly up with 95,530 TEU last month compared to 95,060 in June 2021. That’s a 0.5 per cent increase, and sets a import volume record.

The increase in imports was offset by a drop in loaded exports, however.

Loaded export containers came in at 68,227 TEU in June compared to 71,192 TEU in June 2021.

This represents a 4.2 per cent decline, reflecting ongoing challenges with vessel schedule disruptions and lack of sufficient capacity on departing ships at Oakland for full exports.

“Despite prolonged supply chain challenges, so far we are maintaining our import volume,” said Port of Oakland Maritime Director Bryan Brandes.

READ: Port of Oakland adopts $480 million budget for financial year

“We’re continuing to encourage ocean carriers to restore routes that will help expand vessel capacity for our exporters.”

Supply chain issues are still dampening total cargo volume growth at Oakland including: port congestion in Asia linked to COVID restrictions; import dwell time causing congestion; continued US West Coast supply chain bottlenecks in all modes of transportation; and lack of capacity to meet demand at Western regional warehouses.

These cargo statistics do not reflect the recent protest disruptions at the Oakland Seaport which halted operations for several days. “The operational impacts will likely take weeks to sort out,” the announcement wrote.

Port of Oakland total cargo volume is down so far in 2022, with the port citing China’s COVID-19 crackdown and its ripple effect on ocean carrier scheduling as a principal reason behind the fall.

Volume through April dropped 7 per cent from the same period a year ago.

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