Business & Investment

Port records strong trading volumes in November as imports continue to skyrocket

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The Atlantic and Pacific ports in November maintained a record pace as imports continued to flood the country during the peak holiday shopping season.

The country’s busiest facility, a port in Los Angeles and Long Beach, reported a reduction in 20-foot-equivalent units, despite continued strong numbers of ships delivering boxes.

Eugene Seroca, Executive Secretary of the Port of Los Angeles, said on December 15 that the port in November was down 8.8% year-on-year, down from 889,746 containers last year to an estimated 811,706 containers. However, at the port, small container vessels in the 5,000-TEU range increased by 20% instead of more than 10,000 vessels.

Celoca

“Of the 86 container vessels that arrived last month, half were less than 5,300 TEU. For comparison, about one-third of the vessels were that size in October,” Seroka said.

Seloka also said two ports Proposal to charge the shipper Those who do not receive empty containers at the port are still on the table, but the number of empty boxes has decreased by 56% in the last two months, he says.

Los Angeles is also on track to eat 10 million TEUs for the first time in its history.

Long Beach Port reported a 4.8% reduction in container volume in November, processing 745,488 units compared to 783,523 units last year. Long Beach also plans to process more than 9 million freight containers by the end of the year, compared to a record 8.1 million in 2020.

“Clearing the lines of ships waiting to enter the port and moving containers from the docks are in stock on the shelves, giving consumers gifts during the holiday season,” said Mario Cordero, Secretary-General of Long Beach Port. It’s a top priority to make it available for purchase. “

Long beach harbor truck

Trucks carry cargo at the Port of Long Beach. (Marcio Jose Sanchez / Associated Press)

Meanwhile, about 2 months later The White House has announced plans to operate both ports 24 hours a day, 7 days a week., The program is still late. Only one of the seven terminals achieved that goal, coordinating various steps in the supply chain, including trucking, and the availability of warehouse space hindered efforts, Ceroca said.

The number of containers in the Port of Oakland in November decreased by 4.5% compared to a year ago as workers moved 189,111 TEU and processed 197,695 in 2020. However, current figures are up 9.1% compared to October, when multiple vessels skipped regular trips to Auckland. Instead, they returned to Asia to get additional cargo, as shipping charges in the Pacific are three times higher than they were a year ago.

According to the port, 75 ships called at Auckland in November, the highest number in six months.

Brian Brandes

Brandes

“We are pleased that shipping companies and cargo owners are aware of the value of coming to the Port of Oakland,” said Brian Brandes, Director of Shipping. “Because other ports are facing headwinds, we are working hard to move cargo efficiently.”

On the east coast, Virginia Port processed 290,759 containers, making it the highest November in the port’s history, an increase of 3.9% compared to the same month in 2020. Imports increased 13.1% year-on-year. In the remaining month, the port will move nearly 3.5 million containers, which is 13%. Jump from the record of 2,813,415 in 2020.

Officials also announced that they have approved a $ 80 million rail expansion of the Central Rail Yard at Norfolk International Terminal. This will increase the volume of containers and deepen and expand the main routes of the port. The railroad yard project should be completed by the second half of 2023 and the dredging should be completed by 2024.

Georgia’s Savannah port continues to grow steadily and should easily exceed 5.5 million containers by the end of the year, compared to 4.68 million a year ago, based on November. The port moved 495,749 TEU in November, but a year ago it was 464,804 TEU.

Charleston Harbor processed 250,711 containers in November, an increase of 21% from 207,066 last year.

As the West Coast ports continue to work on backlogs, the port of Baltimore on December 13 announced that it is increasing cargo volumes to mitigate the backlogs of other ports.

The port moored the freighter Noble Ace, after which workers unloaded 1,800 new Mercedes-Benz vehicles. About 600 of them are directed to the west coast.

“The international maritime industry believes in the port of Baltimore, and this growth in business reflects that confidence,” said Maryland Governor Larry Hogan. “During the pandemic, men and women working in Maryland’s ports have maintained it as a solid and reliable link in our country’s supply chain.”

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Port records strong trading volumes in November as imports continue to skyrocket

https://www.ttnews.com/articles/ports-post-strong-november-volumes-imports-continue-surge Port records strong trading volumes in November as imports continue to skyrocket

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