CONTAINER volumes fell by 10 per cent year on year at the Port of Long Beach as the ongoing trade war affects the US West Coast hub
CONTAINER volumes fell by 10 per cent year on year at the Port of Long Beach as the ongoing trade war affects the US West Coast hub. The port's executive director, Mario Cordero, said: '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.'
The port handled 677,167 TEU in June with imports shrinking by 14 per cent while exports fell by 1 per cent. Empties loaded onto ships to fill with goods in Asia decreased by 9 per cent.
The port moved 3.7 million TEU during the first half of 2018, 7 per cent below last year's total, reports UK's Container Management.
WORLD SHIPPING
