-2.6 C
Monday, December 4, 2023
Home Port News Oakland container export volume rises in October

Oakland container export volume rises in October

The Port of Oakland's October export container volume rose to the highest volume in any single month seen in 2023.

In particular, full export TEUs rose 4% during October 2023 compared to October 2022, with a volume of 68,974 TEUs.

"The fading of supply chain congestion caused by pandemic-related disruptions continues to bring exporters back," said the Californian port.

Full imports are down 8% year-over-year with volumes having stabilised around 70,000 TEUs per month.

"Although national consumer spending may be dampened, consumer spending remains strong in the home market of Northern California. However, it has declined somewhat from the heights it reached during the pandemic," said a port official.

“Import growth is expected to remain flat as traffic continues to stabilise after the significant spikes we saw during the pandemic years,” says Port of Oakland Maritime Director Bryan Brandes. “Shipping rates remain low and carriers are signaling that will remain well into 2024.”

Latest Posts

Shipping CEOs join forces to accelerate shipping industry decarbonization

The Chief Executive Officers (CEOs) of major global shipping lines have issued a joint declaration at COP 28 calling for an end date for...

Atlas Air receives third MSC Boeing 777 Freighter

Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc., has taken delivery of a Boeing 777 Freighter, which it will operate on...

Xeneta expects “even more brutal” 2024 for ocean carriers

Norway-based ocean and air freight rate platform suggests that next year could be "even more brutal than expected" for ocean carriers in the freight...

Korea Coast Guard probes “ghost ship” sinking

Mystery surrounds a Chinese cargo ship which sank off the southwestern coast of South Korea.The ship, found 10 metres west of Gageodo island in...

MSC and Ellerman sign slot agreement for Atlantic routes

Ellerman City Liners and MSC have signed an agreement, according to which, Ellerman will utilise a combination of MSC capacity and its own independent...