January volumes at the Port of Los Angeles and the Port of Long Beach were somewhat mixed.
Los Angeles kicked off 2014 with a 2.5 percent annual gain in January at 685,550 TEU. POLA imports, which are primarily comprised of consumer goods, hit 337,428 TEU for a 6.7 percent annual increase. Exports rose 1.7 percent [...]
2013 proved to be the Port of Long Beach (POLB)’s third busiest year in its history in terms of cargo volume, behind record-setting years 2006 and 2007.
According to POLB, imports increased 12.8% over 2012 to 3,455,323 twenty-foot equivalent units (TEUs); exports increased 10.7% to 1,704,932 TEUs; and empties were up 8.8% to 1,570,318 TEUs [...]
Goods movement through the nation’s busiest seaport complex posted better than expected results in 2013, a sign the economy is finally on the mend, a top economist said Wednesday.
While cargo at the Port of Los Angeles was down in 2013, strong growth there over the last two months, combined with steady improvement at the [...]
The Panama Canal handles around 5 percent of the world’s total trade – in comparison about 7.5 percent moves through Suez. The cost of moving a ship through the Panama Canal has tripled over the past five years to around $450,000 per passage for a vessel carrying 4,500 containers. Many companies are finding cheaper [...]
The plan by Maersk Line, CMA CGM and Mediterranean Shipping Co. to form the world’s largest vessel-sharing alliance, which would control about 25 percent of the container volume in the trans-Pacific, presents great opportunity for U.S. ports, but also significant competitive risks.
In an attempt to influence the world’s three largest carriers that will make [...]
Lori Ann Farrell
The city’s former finance director has been appointed to a six-year term on the board that governs the Port of Long Beach, the nation’s second-busiest seaport, the Mayor’s Office announced Monday.
Mayor Bob Foster has selected Lori Ann Farrell to fill the vacancy on the Long Beach Board of Harbor Commissioners left [...]
The Long Beach City Council has removed Harbor Commission President Thomas Fields from his position after allegations of excessive travel expenses.
The City Council voted 6-3 to confirm the removal of Fields, who had been under fire over a number of accusations, the most compelling of which was the cost of his international travel.
Fresh off the three-month peak season in which retailers rush to stock their stores for the holidays, the Port of Long Beach reported a rise in cargo flow in October, while decreasing market share continues to reflect Port of Los Angeles’ falling numbers, according to statistics released Friday.
Terminals at the Port of Long Beach [...]
Port of Long Beach officials have signed a sister port agreement with the world’s fifth-busiest seaport, South Korea’s Busan Port Authority, the Long Beach port announced Tuesday.
While the pact is not legally binding, there is the potential for more trade opportunities with South Korea, Long Beach’s third-biggest trading partner overall, said spokesman Art Wong.
Harbor leaders on Monday lacked the votes needed to repeal a long-postponed Infrastructure Cargo Fee to be charged to cargo owners beginning Jan. 1, 2014. The port has not determined the amount of the fee.
Commissioners Rich Dines and Doug Drummond opposed the repeal and instead suggested postponing the fee to 2016. While Dines doesn’t [...]
Excerpts from the Press-Telegram:
Navis LLC, an Oakland-based firm that develops software for the shipping industry, announced its N4 operating system has been deployed at Long Beach Container Terminal. … Navis’ operating system went online in late May, said Andy Barrons, the software company’s chief marketing officer. The company was not cleared to announce the [...]
Port staff is projecting additional overruns of $85 million to the Middle Harbor Redevelopment Project budget due to construction challenges and underestimated project costs. The Middle Harbor project was already $29.5 million over the original budget of $1.2 billion as of June.
Commissioner Rich Dines pointed out that when the Middle Harbor project was originally [...]
As retailers prepare for the holiday shopping season, goods movement in August at the Port of Long Beach posted its busiest month in six years, according to figures released Monday.
The port — which has been seeing bigger ships coming in thanks to two of the world’s largest shippers expanding there — is having its [...]
Three international shipping firms were fined by the California Air Resources Board after failing to shift from dirty “bunker” fuel to cleaner burning fuel when they entered into state waters.
Oslo-based Hoegh Autoliners Shipping AS Co., NCN Corp. Panama and Singapore-based Twin Phoenix Shipping S.A. received a total of $440,250 in fines after the board [...]