At its annual ‘State of the Port” address on Jan. 24, the Port of Long Beach celebrated its record-breaking year set in 2017 after a not so great 2016 which saw the bankruptcy of it largest terminal tenant, South Korea’s Hanjin Shipping.
Last year the port moved 7.54 million twenty-foot equivalent units (TEUs), the highest container movement record in its 105-year history. It saw an increase of more than 11 percent compared to 2016, which was marred with challenges, most notably, the Hanjin bankruptcy.
Neighboring Port of Los Angeles also set cargo movement records in 2017 and moved 9.3 million TEUs, a 5.5 increase over 2016. Container movement record for last year was a new high in the port’s 110-year history.
