14-08-2018

Long Beach traffic drops 4.4pc to 688,457 TEU, but record year seen

THE Port of Long Beach handled 688,457 TEU in July, a year-on-year decline of 4.4 per cent. The fall in volumes was attributed to shipping alliances' decisions to change vessel deployment and port calls last month.

Port officials also voiced fears that higher tariffs could slow trade activity - thus far the busiest in the port's 107-year history - during the remainder of the year, reported AJOT.

A breakdown of the results shows that imports in July decreased by 8.2 per cent to 347,736 TEU, while exports were down five per cent to 119,747 TEU. Ships departing the port carried 220,975 empty TEU overseas, up 2.6 per cent.

The port is on pace for 2018 being its busiest year ever, surpassing 2017. In the first seven months of the year volumes are 11.3 per cent over the same period last year, totaling 4.6 million TEU.

Source: Schednet

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