The Port Executive Director Gene Seroka recently announced that the Port of Los Angeles moved near-record cargo in 2019 with a total of 9,337,632 Twenty-Foot Equivalent Units (TEUs), just short of the second-best year in its 113-year history, despite lingering tensions from the U.S.-China trade war.
Port of Los Angeles
The Port of Los Angeles along with the Indonesia Port Corporation PT Pelabuhan Indonesia II (Persero), shake their hands and inked an MoU to collaborate and share their information. Through the agreement both sides will focus on boosting their business in trade, on the digital supply chain efficiency, and the environment and infrastructure development.
After 11 months of 2019, total volumes have increased .4% in the Port of Los Angeles- America’s premier port- compared to its record-braking 2018. In a statement, it is said that the Port moved 728,918 Twenty-Foot Equivalent Units (TEUs) in November, a 12.4% decrease compared to last year.
With several passengers reported being ill onboard the cruise ship “Norwegian Joy”, officials in Los Angeles acted immediately and showed their concern while the vessel had to dock in Port of LA.
The Port of Los Angeles signed a five-year MoU with Copenhagen Malmö Port AB (CMP), partnering on sustainability and environmental issues, focusing on information and knowledge sharing and boost of energy use and alternative energy sources.
Port of Los Angeles issued the “By the Numbers: Jeopardizing the National Benefits of Trade through America’s Busiest Port Complex” report, highlighting that tariffs have a negative impact on jobs, income and tax revenue.
Tariffs are taking their toll at the Port of Los Angeles, United States’ busiest container port, with container counts and vessel calls dropping sharply in October and exports of american goods being in decline for 12 consecutive months. On Thursday, November 7, The Port of Los Angeles announced that it moved 770,189 Twenty-Foot Equivalent Units (TEUs) in October, a 19.1% to 392,768 TEUs decrease compared to 2018’s record-breaking October. Total volumes have increased 1.8% compared to last year, which was the busiest year ever at America’s top port.
The Port of Los Angeles managed less containers of imported goods in September, following the ongoing trade war between the US and China, as the US sanctions affected the port given that it is the busiest one for ocean trade with China, as Reuters reports.
The Port of Los Angeles announced a development opportunity for an Outer Harbor Cruise Terminal at Berths 46 and 50, as well as plans to launch a Request for Proposal (RFP) later this fall. The proposal targets cruise lines, terminal operators, and real estate developers, who want to create a new cruise terminal.
The Port of Los Angeles announced a new cargo record for the fifth consecutive month in August, moving 861,081 TEUs and recording the busiest August in its 112-year history. On this occasion, the head of the Port called for an end to US-China trade war for global trade stability to be restored.
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