Long Beach November container volumes lag behind brisk 2015 figures

Shifting alliance routes and the Hanjin bankruptcy continued to affect volumes at the Port of Long Beach in November, as container traffic was 13.8 percent lower than the same month last year.

A total of 534,308 twenty-foot equivalent units were moved through the harbor last month. Imports fell 11.8 percent to 270,610 TEUs. Exports declined 3.1 percent to 120,897 TEUs, while empty TEUs numbered 142,801, 24.2 percent off.

The Port had experienced its second-best November ever in 2015, part of a six-month run of gains to end the year above 7 million TEUs for only the third time in its history.

This year the Port has faced challenges as ocean carriers have merged, reorganized into new alliances and realigned routes. Additionally, a major customer, Hanjin Shipping, declared bankruptcy in August. Hanjin Shipping represented 12.3 percent of Long Beach’s containerized volume.

Through the first 11 months of 2016, Port container traffic is 5.6 percent behind the same point last year.

Source: Port of Long Beach

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