19.1 C
Hamburg
Sunday, June 1, 2025
Home Port News Los Angeles sees container downturn in first months of 2023

Los Angeles sees container downturn in first months of 2023

The Port of Los Angeles handled 487,846 TEUs in February, translating to a 43% drop from the all-time high in the same month last year.

The Californian port’s loaded imports totalled 249,407 TEUs, a 41% decrease from the previous year, and loaded exports reached 82,404 TEUs, a 14% decline from the last year. Meanwhile, empty containers totalled 156,035 TEUs, which represents a 54% year-on-year fall.

The port’s total container traffic reached 1,213,860 TEUs in the first two months of 2023, down 30% from 1,723,360 TEUs in 2022.

“February declines were exacerbated by an overall slowdown in global trade, extended Lunar New Year holiday closures in Asia, overstocked warehouses and a shift away from West Coast ports,” stated Gene Seroka, executive director of Port of Los Angeles.

Gene Seroka added, “While we expect more cargo moving to cross our docks in March, the volume will likely remain lighter than average in the first half of 2023.”





Latest Posts

The Indian Ocean Rivalry

The Indian Ocean has emerged as a strategic theater of competition between two Asian giants: India and China. India’s recent developments indicate a rapid expansion...

Statkraft advances plans for green hydrogen scheme at Hunterston

Europe’s largest generator of renewable energy has proposed the development of a green hydrogen facility at Hunterston, the former coal terminal in Ayrshire. Clydeport –...

Port of Bilbao wraps up busiest month for cruise traffic

May has marked a record month for cruise activity at the Port of Bilbao’s terminal in Getxo, with 18 cruise ship calls bringing over...

Tripoli port shutdown sparks maritime crisis in Libya

Libya’s shipping sector is teetering on the edge of collapse as fresh waves of political violence erupt in Tripoli, crippling key port operations and...

Klaipėda port embarks on green hydrogen initiative

Klaipėda Port launched its green hydrogen initiative, positioning itself as the first in Lithuania and the broader Baltic region to produce and supply green...
error: Content is protected !!