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Box throughput at Oakland declines 1.8pc in 2019 to 2.5 million TEU

THE Port of Oakland saw its container throughput in 2019 fall 1

Box throughput at Oakland declines 1.8pc in 2019 to 2.5 million TEU

THE Port of Oakland saw its container throughput in 2019 fall 1

21 January 2020 - 19:00

THE Port of Oakland saw its container throughput in 2019 fall 1.8 per cent to 2.5 million TEU. Port officials attributed the decline to a 13 per cent decrease in empties.

Export volume rose by 3.7 per cent last year, and imports were up one per cent. As a result, the port set a record for loaded containers in 2019 with 1.9 million TEU. The port said the results were promising given the US-China trade war had dampened global trade last year, reported Maritime Logistics Professional, Palm Beach, Florida.



The port, which attributed export volume growth to ongoing demand for US agricultural products, said more and more shippers are turning to markets outside of China to expand their businesses.



Continued strong US consumer spending kept import volumes growing despite tariffs on Chinese goods, the port said. It added that northern California's economy contributed to the growth in imports.


WORLD SHIPPING

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