Wednesday, February 1, 2023
spot_img
HomeHeadlinesCargo Surge Continues at Port of Long Beach

Subscribe

To our FREE newsletter
Get all the latest maritime news delivered straight to your inbox.

Cargo Surge Continues at Port of Long Beach

Resilient consumer demand continues to drive high volumes of cargo through the Port of Long Beach, which handled a record number of containers for the month of July.

Dockworkers and terminals moved 784,845 twenty-foot equivalent units (TEUs) in July, a 4.2% increase from the same month a year ago. July 2020, with 753,081 TEUs, was the previous “best July.” Imports slightly grew last month, at 382,940 TEUs, a 1.6% increase, while exports decreased 20.7% year-over-year to 109,951 TEUs. Empties moved out of Long Beach ballooned 22.8%, to 291,955 TEUs.

“Ships arrived last month to move these empty containers out of the harbor and clear valuable terminal space as we handle historic amounts of trade,” said Port of Long Beach Executive Director Mario Cordero. “These boxes are a valuable commodity in the overstressed global supply chain. Our loaded exports are likely to rebound this month.”

“Our dockworkers and industry partners have risked their health to keep the gears of our economy turning during this pandemic,” said Long Beach Harbor Commission President Steven Neal. “We thank them, and acknowledge their service as we continue a remarkable run of records at the Port of Long Beach.”

With the July result, the Port of Long Beach has broken monthly cargo records in 12 of the last 13 months. Through July, the Port has processed 5,538,673 TEUs, a 32.3% increase over the same period in 2020.

The global pandemic continues to impact trade volumes. An outbreak at the Port of Yantian in China delayed some vessels that called at the Port of Long Beach in July. It is likely that increasing COVID-19 cases in Vietnam will disrupt supplies in the months ahead as factories shut down to contain outbreaks of the virus.

Related Posts

Video

Finance & Economy
Shipping News
Ports

Wartsila: A challenging year with strong annual growth

HIGHLIGHTS FROM OCTOBER–DECEMBER 2022 Order intake decreased by 24% to EUR 1,638 million (2,150)Service order intake increased by 6% to EUR 791 million (747)Net sales...

Hapag-Lloyd achieves extraordinarily strong result in its anniversary year 2022

On the basis of preliminary and unaudited figures, Hapag-Lloyd has concluded the 2022 financial year – in which it celebrated its 175th anniversary –...

Bahri sees profits soar in 2022

Saudi Arabia’s Bahri has seen its profits soar by over 400% in 2022 following a boom in tanker rates, boosting the shipping giant’s oil...

Euronav Files Second Arbitration Against Frontline

Euronav NV hereby informs its shareholders that on 28 January 2023 it has filed an application request for arbitration on the merits in relation...

Oaktree looking at block sale of existing shares in Hafnia Limited

OCM Luxembourg Chemical Tankers S.à r.l. which is ultimately controlled by funds managed by Oaktree Capital Management L.P. (the "Seller") has retained Fearnley Securities,...

Baltic index logs worst month in 3 years

The Baltic Exchange’s main sea freight index registered its biggest monthly percentage fall in...

Baltic index snaps 9-day losing streak as panamax, supramax rates rise

The Baltic Exchange’s main sea freight index snapped its nine-session losing streak on Tuesday,...

Cyprus shipping making waves – report

Cyprus shipping, the steady driver of the economy, is sailing for better times, having...

Baltic index hits fresh multi-year lows on capesize dip

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Baltic index falls for seventh session on lower capesize demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Port of Long Beach Closes 2022 with Second-Busiest Year

The Port of Long Beach marked its second-busiest year on record by moving 9.13 million twenty-foot equivalent units in 2022, allowing for a return...

Hapag-Lloyd AG acquires share in J M Baxi Ports & Logistics Limited

Hapag-Lloyd AG signed a binding agreement today under which it will acquire 35% of J M Baxi Ports & Logistics Limited (JMBPL) from a...

Nigeria opens ‘game changer’ billion-dollar deep seaport

Nigeria opened a billion-dollar Chinese-built deep seaport in Lagos on Monday, which is expected to ease congestion at the country’s ports and help it...

SC Ports handles nearly 3 million TEUs in record 2022

South Carolina Ports had a record 2022 with the most containers ever handled at the Port of Charleston. SC Ports moved nearly 2.8 million TEUs...

January oil loadings from Russia’s Baltic ports set to jump 50% vs Dec

Urals and KEBCO crude oil loadings from Russia’s Baltic ports of Primorsk and Ust-Luga in January are set to rise by 50% from December...