Port of Long Beach Container Volumes Rocket

Press Release
Friday, December 14, 2012

Container volumes at the port rose steeply in November with imports up 20.2 percent & exports up 24.6 percent compared to the same period a year ago.

Port terminals handled 555,513 twenty-foot equivalent container units (TEUs) overall, an increase of 20.8 percent from November 2011.

The rise in container traffic came as more ocean carriers added services to Long Beach in recent months, including CMA CGM and MSC, two of the world's largest container shipping companies.

Import container traffic rose to 278,534 TEUs, the highest November volume in five years. Export container traffic rose to 138,312 TEUs, the second highest November volume in five years. Empty container volumes rose 18.4 percent from a year ago to 138,667 TEUs. With imports exceeding exports, empty containers are sent overseas to be refilled with goods.

After mostly declining traffic in the middle of the year, the late boost has helped bring Port cargo volumes closer to 2011 levels. For the first 11 months of the year, imports are virtually flat compared to the same period a year ago, down 0.3 percent, and exports are up 2 percent. Overall container volumes are down 1.2 percent through November due mainly to a decline in empty container traffic, which is down 5.9 percent in the same period.

The Port of Long Beach continues to invest long term. It is two years into a decade-long, $4.5 billion program to upgrade its facilities.

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

FMT Options for another Towboat from Eastern

Eastern Shipbuilding Group, Inc. announce that Florida Marine Transporters, Inc. of Mandeville, La. exercised another additional 90’x32’x10’ “Canal Class” Inland

Caterpillar: Q3 Results Show Improvement

Caterpillar Inc. today announced its third-quarter results, in which it reported profit per share of $1.63 for the third quarter of 2014, an increase from third-quarter 2013 profit per share of $1.

Wärtsilä Expects 5% Sales Growth

Wärtsilä announced its third quarter results, reporting that it sees good development in order intake and profitability. According to Wärtsilä, third quarter

Ports

Antwerp Port Achieves Highest Throughput

The port of Antwerp handled a freight volume of 148,344,168 tonnes during the first nine months of this year. That’s 3.7% more than the same period last year. Both

A History of U.S. Oil Export Controls

On Oct. 20, 1973, King Faisal of Saudi Arabia imposed a total embargo on oil shipments to the United States among other countries in response to their support for Israel during the Arab-Israeli war.

Great Lakes Coal up More Than 12% in September

Lake Carriers’ Association reported that coal shipments on the Great Lakes totaled 3 million tons in September, an increase of more than 12 percent compared to a year ago.

Logistics

Antwerp Port Achieves Highest Throughput

The port of Antwerp handled a freight volume of 148,344,168 tonnes during the first nine months of this year. That’s 3.7% more than the same period last year. Both

Containers, Cruises Help Boost Marseilles Fos

Container throughput at French port Marseilles Fos reached 876,711 teu for the period January to September, an increase of 6% on the first nine months last year.

Iridium Partners with Trimble to Support Expansion

Iridium Communications Inc. announced an agreement with Trimble that expands the company's use of satellite communications in its core Transportation and Logistics

 
 
Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1304 sec (8 req/sec)