Port of Long Beach Volumes Slide amid Industry Headwinds

Image Courtesy: Port of Long Beach

Slowed by industry headwinds and challenges that included Hanjin Shipping’s bankruptcy, the Port of Long Beach saw an overall cargo volumes decrease of 5.8 percent in 2016.

The year started on a high note in Long Beach, with shipments rising in early 2016 compared to the same period in 2015. Later in 2016, shifting service routes under the new alliances and the August bankruptcy of the former majority stakeholder at the 381-acre Pier T container terminal contributed to a slide in cargo figures.

Despite the decrease in volumes the port moved close to 6.8 million containers in 2016, marking its fifth best year ever, Port of Long Beach said.

A total of 6,775,171 TEUs moved through docks in 2016. Imports totaled 3,442,575 TEUs, down 5 percent, and exports were up 0.3 percent to 1,529,497. Empty containers were down 11.7 percent to 1,803,098.

Cargo was 8 percent lower in December compared to the same month in 2015. Imports decreased 8.2 percent to 271,599 twenty-foot equivalent units, or TEUs. Exports fell 2.5 percent to 122,933 TEUs, while empties declined 11.4 percent to 154,397 TEUs.

By the end of 2016, the Harbor Commission had approved an agreement for a subsidiary of Mediterranean Shipping Co., one of the world’s largest container ship operators, to take sole control of the long-term lease at Pier T.

“Last year was turbulent, with numerous ocean carrier mergers and other changes,” Lori Ann Guzmán, Harbor Commission President, said.

“Now we have one of the largest ocean carriers in the world as a major partner and we’re well positioned to rebound in 2017,” she added.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jan 2017 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

10th annual Border Security Conference

The 2017 conference will possibly be the most relevant and topical event to date as we enter our 10th successive year. With the rise of cross…

read more >

4th Ship Recycling Congress

The two day conference will consist of a number of informative presentations followed by interactive Q&A sessions, panel discussions…

read more >

Maritime Reconnaissance and Surveillance Technology 2017

After last year’s huge success the SMi Group is proud to announce the 2nd Maritime Reconnaissance and Surveillance Technology. The event…

read more >

Euromaritime 2017

The Euromaritime event will take place in Europe for three days. This is one of the major and influential trade events dealing with marine…

read more >