THE Port of Los Angeles (POLA) and the Port of Long Beach, the two largest North American ports, got off to a flying start to the year, with total container throughput in January at POLA rising 17.4 per cent year on year to a record 826,640 TEU.
POLA exports rose 28.7 per cent compared to January 2016 to 162,420 TEU, while imports rose 13.1 per cent to 415,423 TEU. Total loaded imports surged 17.1 per cent to 577,843 TEU, and empty containers were up 17.9 per cent to 248,797 TEU.
POLA officials attributed the strong volume gains in January partially to retail stores replenishing inventories after the holidays, an increase in US exports and cargo ships calling in advance of Chinese New Year, a period in which exports from Europe usually slow down by a wide margin, reported Logistics Management of Framington, Massachusetts.
At Long Beach, container volume in January was up 8.7 per cent year on year to 582,689 TEU, with the port noting that it saw increased volumes due to its largest terminal and extra ships calling in advance of the Lunar New Year.
POLB exports increased 10.8 per cent to 118,234 TEU, and imports were up 7.4 per cent to 298,990 TEU. Empties rose 9.6 per cent to 165,465 TEU.
POLB said that its January growth was paced by its Pier T terminal, which is operated by Total Terminals International (TTI) and controlled by Terminal Investment Limited (TIL), a subsidiary of Mediterranean Shipping Co MSC's TIL purchased a majority stake in the terminal following the bankruptcy of Hanjin Shipping last year.
Source: SchednetPrevious Next