Port of Oakland: Tariffs could stymie volumes

The port’s 2019 volumes are up, but China accounts for 38% of its trade.

Port of Oakland: Tariffs could stymie volumes

The port’s 2019 volumes are up, but China accounts for 38% of its trade.

Port of Oakland: Tariffs could stymie volumes

The port’s 2019 volumes are up, but China accounts for 38% of its trade.

 

   It hasn’t happened yet, but the Port of Oakland is concerned that tariffs could drag down cargo volumes.
    However, Maritime Director John Driscoll said Oakland cargo volume is running 4.6% ahead of the port’s record volume in 2018.
    But in remarks to 50 trade executives who are members of the port’s Efficiency Task Force, he said tariffs are squeezing customers who ship through his port and the ongoing U.S.-China trade war could reduce containerized cargo volume. China accounts for roughly 38% of Oakland’s business.
    “Our customers are impacted by tariffs,” Driscoll told leaders from shipping, trucking, retailing and labor who convene quarterly to advise the port on operational policy. “We’re hoping we can get through this period because we believe the future can be bright.”

   Driscoll said the increase in volume this year is a pleasant surprise.
    “We thought our numbers would go down because of the trade war,” Driscoll explained. “It could still happen, but it hasn’t so far.”
    He added threatened Trump administration tariffs against Mexico would have negligible impact in Oakland as the port does little business there.
    T
he Port of Oakland is expected to release its cargo volume statistics next week for the month of May.

The growth of online grocery sales has the U.S. market for cold-storage warehouses poised for strong growth, potentially creating demand for up to 100 million square feet of industrial cold-storage space over the next five years.

Average container vessel size on the Asia to North Europe trade actually shrank between May 2018 and May 2019, falling from 14,253 TEUs to 13,808 TEUs, although total container vessel count on the trade rose from 219 to 229, according to BlueWater Reporting’s Capacity Report.

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Port of Oakland: Tariffs could stymie volumes

The port’s 2019 volumes are up, but China accounts for 38% of its trade.

Jun 07, 2019 on Dec 27, 2018AmericanShipper.com

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Port of Oakland: Tariffs could stymie volumes

The port’s 2019 volumes are up, but China accounts for 38% of its trade.

Jun 07, 2019 on Dec 27, 2018AmericanShipper.com