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            april 25, 2019

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Indiaexportnews.com

Long Beach port cargo movements dip in latter stages of Q1

  15.04.2019    

The US port of Long Beach moved 1.8 million TEU in the first quarter of the year, down 4.7 per cent year on year.
"With warehouses full from shippers rushing to beat the looming threat of escalating tariffs, shipments slowed somewhat," said port of Long Beach executive director Mario Cordero. "It's going to take some time for inventory to cycle to markets and for typical growth to resume."
Some 1.4 million TEU passed through the port from December 2018 to January. December was the port's second-busiest month ever, reported AJOT.
Long Beach Harbour Commission president Tracy Egoscue noted that the recent Pulse of the Ports economic forecast a 1.8 per cent rise in North American imports this year.
"After last year's historic result, we're expecting modest growth this year, but it's always important to look to the future," said Ms Egoscue. "That means positioning our port for sustained long-term success with our multi-billion-dollar capital improvement plan, designed to provide customers with cargo movement that is predictable, reliable, efficient and fast."
Marine terminals and dockworkers moved 552,821 TEU in March, down 3.9 per cent. Within this total, imports were down 7.8 per cent to 247,039 TEU, while exports fell 7.7 per cent to 131,436 TEU. Empties shipped overseas grew by 5.7 per cent to 174,346 TEU.



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