Port of LA Container Volumes Grow

Thursday, September 17, 2009

The total number of containers shipped through the Port of Los Angeles in August increased by six percent compared to July, the second consecutive month that volumes have risen at the Port amid a slumping economy.

The total number of Twenty-Foot Equivalent (20-foot containers or TEUs) imported and exported through the Port of Los Angeles in August was 612,581, a six percent rise compared to 576,203 TEUs in July. In June, total container volume at the Port was 551,679 TEUs.

August container volumes, which reflect a muted peak shipping season, are the Port’s highest this calendar year.  By comparison, August 2008 container volume was 19 percent higher, mostly due to a 2008 peak shipping season that came prior to the economic meltdown that hit in September 2008.

Year to date in 2009, total TEU volume is at 4,374,818, 18.3 percent lower compared to the same eight-month period in 2008.

A long-term forecast prepared by the Tioga Group for the Port of Los Angeles earlier this year indicates that the recession and its effect on international container trade are expected to level out in late 2009, with modest growth returning in 2010.

The Port of Los Angeles is America’s premier port and has a strong commitment to developing innovative strategic and sustainable operations that benefit the economy as well as the quality of life for the region and the nation it serves.  As the leading seaport in North America in terms of shipping container volume and cargo value, the Port generates 919,000 regional jobs and $39.1b in annual wages and tax revenues.  A proprietary department of the City of Los Angeles, the Port is self-supporting and does not receive taxpayer dollars.

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Hapag-Lloyd Adds Halmstad to Rotation

As one of the top global carriers Hapag-Lloyd offers a comprehensive service network and will add port of Halmstad, Sweden to the Nordic Short Sea Network. As

BBC Chartering Opens Vietnam Office

BBC Chartering announces the opening of a new representative office in Ho Chi Minh City, Vietnam, starting August 1st breakbulk, and general cargo transportation

Fratelli Neri Orders Damen Tug

One of the largest Italian tug owners, Fratelli Neri S.p.A, ordered its first Damen tug, an ASD 3212, on 21 July 2015.   The vessel will be the first ASD tug

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Offshore Oil Pipelines Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0779 sec (13 req/sec)