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Indiaexportnews.com

US-China trade dispute drags down box volumes at Port of Long Beach

  18.07.2019    

The Port of Long Beach suffered a 10 per cent year-on-year decline in container volumes, an outcome that was blamed on the continuing US-China trade war.
In June container throughput amounted to 677,167 TEU, with imports down 14 per cent and exports down by one per cent. Empties loaded onto ships to fill with goods in Asia declined by nine per cent.
The port handled 3.7 million TEU during the first half of 2018, seven per cent below last year's total, reported London's Container Management.
Said port executive director Mario Cordero: "The story we saw develop in 2018 was retailers forwarding goods to beat tariffs. 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."



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