LA-Long Beach post double digit declines in first half due to Covid-19
CONTAINER volume through the Port of Los Angeles was down 9
CONTAINER volume through the Port of Los Angeles was down 9.6 per cent in June year on year to 691,475 TEU while the year-to-year decline stood at 17.1 per cent to 3,761,889 TEU.
Meanwhile, the adjacent Port of Long Beach reported that 602,180 TEU crossed its docks in June, making for an 11.1 per cent year-on-year decline. Imports fell 9.3 per cent to 300,714 TEU; exports dropped 12.2 per cent to 117,538 TEU, and returning to Asia empties were down 13.1 per cent to 183,928 TEU.
LA imports were down 6.8 per cent to 369,189 TEU and fell 13.7 per cent in annual decline on a year-to-date basis. Exports slipped 21.3 per cent to 109,586 TEU year on year and down 17.7 per cent year to date. Empties were down were down 7.2 per cent in June at 212,701 TEU year on year and down 22.4 per cent, to 1,063,146 TEU year to date.
'Given the circumstances we were not in bad shape for the month of June,' said LA port's executive director Gene Seroka. 'I will take this number [of 691,475 TEU] during the midst of an unsettled trade war and the global pandemic that we are working through today. Up against last year . . . began to see retailers replenishing omni-channel distribution inventories, and cancelled sailings have slowed, although we did see some vessel shift of services over to the Port of Long Beach. Halfway through the year now, we have improved just a bit and are tracking 17.1 per cent behind 2019 at the mid-year point.'
Said Port of Long Beach executive director Mario Cordero: 'Cancelled sailings continued to rise at a rapid rate in the second quarter as ocean carriers adjusted their voyages to a decline in demand. The economic challenges may persist for some time, but the Port of Long Beach continues to invest in infrastructure projects that will meet the needs of our customers.'