Long Beach falls short of all-time record

June 2018 was the busiest month in the port’s 108-year history.

Long Beach falls short of all-time record

June 2018 was the busiest month in the port’s 108-year history.

Long Beach falls short of all-time record

June 2018 was the busiest month in the port’s 108-year history.

 

The Port of Long Beach said tariffs continue to impact its cargo traffic and reported that volumes declined in June compared to the same month in 2018.
   Last June was the busiest month in the port’s 108-year history and capped the busiest second quarter during the busiest year ever.
   “The story we saw develop in 2018 was retailers forwarding goods to beat tariffs,” said Port of Long Beach Executive Director Mario Cordero. “For 2019, it seems that the cargo is all here and warehouses are filled. That’s disrupting container movement and the growth we would normally see this time of year.”
   A total of 677,167 TEUs were processed at the Port of Long Beach in June, 10% fewer than last year. The performance still was the second-best June for the port.
   Imports shrank 13.7% to 331,617 TEUs last month, while exports were down 1% at 133,833 TEUs. Empties loaded onto ships to fill with goods in Asia decreased 9.1% to 211,718 TEUs.

   The port has moved 3.7 million TEUs during the first half of 2019, 6.7% off last year’s pace. Second-quarter throughput was 1.9 million TEUs, an 8.7% decline.
   The latest monthly cargo numbers may be found here.
   More detailed cargo numbers are at www.polb.com/stats.

However, if shipping alliances are outlawed altogether, then freight rates will skyrocket because alliances are the only way that carriers can operate ultra-large container ships (ULCVs) effectively.

The FBX, a global container freight index measuring spot rates on major global trades, had an overall reading of $1,342 per FEU as of June 14, down 1.5% from a week prior, but up 3.4% from a year prior.

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Long Beach falls short of all-time record

June 2018 was the busiest month in the port’s 108-year history.

Jul 12, 2019 on Dec 27, 2018AmericanShipper.com

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Long Beach falls short of all-time record

June 2018 was the busiest month in the port’s 108-year history.

Jul 12, 2019 on Dec 27, 2018AmericanShipper.com