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Los Angeles maintains dominance in US despite container decline

In the last month of the previous year, the Port of Los Angeles demonstrated robust performance by processing 747,335 TEUs, marking a 2.5% increase compared to December 2022.

This positive trend extended for the fifth consecutive month, showcasing consistent year-over-year gains.

Although the total volumes handled by the Californian port for the entire year amounted to 8,634,497 TEUs, reflecting a decline of approximately 13% from the previous year, the Port of Los Angeles maintained its status as the United States’ busiest container port for the 24th consecutive year.

“In 2024, our sights are set on community investment, sustainability progress and capturing additional market share. To drive cargo, we’re investing in a 10-year, US$2 billion capital improvement program. We’ll also focus on secure technology enhancements to improve efficiency and reduce our carbon footprint. All that leads to additional jobs and the Port’s ability to re-invest more dollars back into our communities,” stated Gene Seroka, executive director at Port of Los Angeles.

In December 2023, loaded imports at the US port reached 369,477 TEUs, marking a 5% uptick from the previous year. Loaded exports for the same period were 121,575 TEUs, registering a substantial 26% increase compared to the figures observed in 2022. Additionally, the total empty boxes for December stood at 256,283 TEUs, indicating an 8.5% decrease from the previous year.

Source: Container News

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Port of Los Angeles achieves third best cargo handling month in its history

The Port of Los Angeles processed 967,900 TEU in May, recording the third best overall month in its 115-year history.

In the first five months of the year, the port has processed more than 4.5 million TEU, equal to last year’s record rate.

“Retailers replenished inventory throughout the spring and now we’ll see a transition to back-to-school goods, fall fashion and some early year-end holiday products,” said Port of Los Angeles Executive Director Gene Seroka.

“While American consumers have become more cost conscious, overall demand remains strong,” he added.

“Meanwhile, we’ve reached a new productivity milestone on our docks. On average, 12,000 TEU were discharged and loaded back on to every container vessel in May. That eclipsed our own previous best-in-the-business record of 11,300 TEU recorded last summer, ” Seroka stressed.

May’s cargo volume at the port of Los Angeles was the third best performance in its history with the first achieved in May 2021 and the second in October 2020.

Loaded imports in May 2022 reached 499,960 TEU, recording a decrease of 6.8% compared to the previous year, but was 21% higher than the average of May of the previous five years.

Loaded exports amounted to 125,656 TEU, an increase of 14.3% compared to the same period last year.

It is important to note that May marked the highest level of exports held in the port of Los Angeles since November 2020.

Meanwhile, empty containers reached 342,285 TEU, down 6.6% compared to last year.

Source: Container News

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Maersk targets transpacific premium market with extra standalone services

Maersk will launch two new weekly services on the transpacific in August to operate “exclusively” outside its 2M alliance with MSC and Zim slot charter partnership.

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