18-08-2018

LA growth tops Long Beach, up 4.6pc to 833,568 TEU in busiest July ever

BREAKING recent pattern of the Port of Long Beach growing faster that its San Pedro Bay rival, the Port of Los Angeles topped the two in growth with LA enjoying its busiest July in its 111-year history.

LA posted a 4.6 per cent year-on-year gain handling a volume of 833,568 TEU last month that the fourth busiest month in the port's history while Long Beach recorded a 4.4 per cent decline.

Said LA port executive director Gene Seroka: "With a robust economy and cargo owners moving goods ahead of expected tariffs, our terminal operators, labour force and supply chain partners seamlessly moved a record amount of cargo across our docks."

LA July imports increased five per cent to 438,165 TEU compared to 2017. Exports increased 8.4 per cent to 167,992 TEU while empty containers increased 1.2 per cent to 227,412 TEU. Combined, July overall volumes were 833,568 TEUs.

Seven months into 2018, overall volumes have decreased 2.6 per cent compared to 2017, when the port set an all-time cargo record.

For the Port of Long Beach the news was not good. It posted a 4.4 per cent year-on-year drop in container throughput in July to 688,457 TEU after several months of steady gains.

Laden imports fell 8.2 per cent to 347,736 TEU for the month, while laden exports slid five per cent to 119,747 TEU. Empties were up 2.6 per cent to 220,975 TEU.

Port officials blamed the decline on a shift in vessel deployment and port calls by the major east-west container carrier alliances.

Fiscal year-to-date, Long Beach volumes have grown 13.4 per cent to 6.62 million TEU since October 1.

Calendar year-to-date throughput was up 11.3 per cent to 4.64 million TEU year on year, on the road to surpass the Long Beach's all-time high in 2017.

Source: Schednet

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