Marine Link
Sunday, August 20, 2017

Port of LA Sets FY Cargo Volume Record

July 17, 2017

File photo: Port of Los Angeles

File photo: Port of Los Angeles

The Port of Los Angeles reports it has closed its 12-month fiscal year with total cargo volumes of 9.2 million twenty-foot units (TEUs), a new annual record for most container throughput for a Western Hemisphere port. Volumes increased 8.1 percent in June compared to the same period last year, marking the second busiest June in the port’s 110-year history.

 
“As we mark the midpoint of 2017, we are grateful to our terminal operators, shipping lines, labor force and land-side supply chain stakeholders for their focus on teamwork and efficiency, because they are the reason why we attained recordbreaking volumes these past 12 months,” said Gene Seroka, Executive Director of the Port of Los Angeles.  “Despite unprecedented change in our industry, we are demonstrating the LA Advantage in terms of world-class infrastructure, competitive pricing and extraordinary customer service.”
 
June loaded imports increased 4.7 percent to 372,272 TEUs. Loaded exports rose 3.5 percent to 145,527 TEUs. Along with an 18.6 percent rise in empty containers, overall June container volumes were 731,032 TEUs. Previously, the strongest June in Port history was 2014, when 736,439 TEUs moved through the port’s terminals.
 
Through June, total 2017 cargo volumes are 4,482,548 TEUs, an increase of 8.4 percent compared to the same period in 2016.
 
The 12-month period for the 9,205,755 TEU record corresponds with the port’s July, 2016 through June 30, 2017 fiscal year, and the port is on track to end the 2017 calendar year exceeding last year’s record volumes. In 2006, Los Angeles was the first port to surpass an annual throughput of 8 million TEUs, a decade-long record that was broken with CY 2016 volumes of 8.8 million.
Maritime Reporter Magazine Cover Aug 2017 - The Shipyard Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News