Port of Long Beach Suffers Losses


Despite an almost 15% increase in exports for the Port of Long Beach comparatively to the same period in 2015, the drop in imports drove the average down.

Harbour terminals moved 641,029 twenty-foot equivalent units in August, an 8.9 percent year-over-year decrease. Of those, 321,625 TEUs were import containers, which were down 10.2 percent.

Exports numbered 159,247 TEUs. Empties accounted for 160,157 containers, 22.5 percent fewer than August 2015. That month set an all-time record for Port of Long Beach cargo.
Currently, shipping lines are continuing to consolidate service routes to optimize vessel utilization during the holiday peak season and in anticipation of the new, planned ocean carrier alliances.

Other factors impacting Port container volumes are domestic retail inventories that remain high even as strong consumer spending continues to power the nation’s economy. The Port’s August throughput was not affected by Hanjin’s filing for court receivership on August 31.
For the calendar year, overall cargo volumes are down 2.9 percent at the Port of Long Beach, compared to the first eight months of 2015.
The Port of Long Beach has an ongoing US$4 billion modernisation and optimisation project, known as the ‘Port of the Future’.

The Board of Harbour Commissioners authorised the framework for a $46.4 million pollution programme, to help lessen the impact the port has on the community.

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